National Bridge, Inc., has the following stocks outstanding: Common Stock 50,000 shares @ $10 Par Value 2% Preferred Stock 16,000 shares @ $100 Par Value How much would each class of stock receive each year as their portion of dividends? Be sure to notate how much is due the preferred stockholders if dividends cannot be paid. Consider that the preferred stock is NONCUMULATIVE! Preferred Common (1) Year 1 $50,000 (2) Year 2 -0- (3) Year 3 $90,000 (4) Year 4 $25,000 (5) Year 5 -0- (6) Year 6 $30,000 (7) Year 7 $20,000 (8) Year 8 $10,000 (9) Year 9 $60,000 Consider that the preferred stock is CUMULATIVE! Preferred Common (1) Year 1 $50,000 (2) Year 2 -0- (3) Year 3 $90,000 (4) Year 4 $25,000 (5) Year 5 -0- (6) Year 6 $30,000 (7) Year 7 $20,000 (8) Year 8 $10,000 (9) Year 9 $60,000