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Novak lnc. has the following shares outstanding: All shares were sold for $10 each. No dividends have been declared since December 31, 2020, it is

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Novak lnc. has the following shares outstanding: All shares were sold for $10 each. No dividends have been declared since December 31, 2020, it is now December 31, 2023, and the board of directors wants to distribute $212,160 in dividends. Calculate how much the preferred and common shareholders will recelve under each of the following assumptions The preferred is noncumulative and non-participating The preferred is cumulative and non-participating. The preferred is cumulative and fully participating

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