ONLY ANSWER QUESTION 3 DUE TO WEBSIE POLICY PLEASE

Exercise 2: (40 points) Below the stockholders equity section of the company John's Garden, Ltd at 1st of January 2021 John's Garden, Ltd. Stockholders Equity 1st of January 2021 Common stock 100,000 shares authorized $2 par value Retained earnings Total stockholders equity 80.000 50.000 130.000 On February 14 the company issued 1,000 preferred stocks at par, being the par value $1,000 per stock and the dividend rate 10% The company presented the following forecast of net income for the 3 upcoming years: Year 2021 2022 Net income 10.000 100.000 2023 190.000 Please answer the 4 questions below explaining your calculations 1. Relying on the forecast above, what is the amount of preferred stock dividends to be paid at 31 December 2021, 2022, and 2023 considering that the preferred stock dividends are cumulative (10 points) 2. Relying on the forecast above, what is the maximum dividend per share of common stock at 31 December 2021, 2022, and 2023 considering that the preferred stock dividends are cumulative (10 points) 3. Relying on the forecast above, what is the amount of preferred stock dividends to be paid at 31 December 2021, 2022, and 2023 considering that the preferred stock dividends are non-cumulative (10 points) 4. Relying on the forecast above, what is the maximum dividend per share of common stock at 31 December 2021, 2022, and 2023considering that the preferred stock dividends are non-cumulative (10 points)