Platinum Garde Corporation has 150,000 shares of $1.30 preferred stock outstanding in addition to is common stock. The $1.30 designation means that the pruterned stockholders receive an anntia cash dividend of $1.30 per share. In 2021, Platinum Garde declares an annual dividend of $500,000. The allocation to preferred and common stockhoiders is: (Click the icon to view the data.) Read the 1. How much in dividends must Platinum Garde declare each year before the common stockholders receive any cash dividends for the year? Dividends the compary must declare each year before the common stockhoiders receivable any cosh dividends * Requirements Answer these questions about Platinum Garde's cash dividends. 1. How much in dividends must Platinum Garde declare each year before the common stockholders receive any cash dividends for the year? 2. Suppose Platinum Garde declares cash dividends of $300,000 for 2021 . How much of the dividends goes to preferred shareholders? How much goes to common shareholders? 3. Is Platinum Garde's preferred stock cumulative or noncumulative? How can you tell? 4. Platinum Garde passed the preferred dividend in 2020 and 2021. Then in 2022, Platinum Garde declares cash dividends of $1,500,000. How much of the dividends goes to preferred shareholders? How much goes to common shareholders? Data table