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Platinum Garde Corporation has 125,000 shares of $1.80 preferred stock outstanding in addicon to its common stock. The $1.80 designation means that the preferred stockelders receive an annual cash dividend of $1.80 per share. In 2021, Platinum Carde declares an annual dividend of $500,000. The allocation to prefermed and cammon slockholders is: (Click the icon to view the data.) Read the recirements. 1. How much in dividends must Platinum Garde declare each year before the common stockhoiders recelve any cash dividends for the year? Dividends the company must declare each year before the common stockholders receivable any caat dividends n Data table Requirements Answer these evestions 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 deciares cash dividends of 9675,000 for 2021. How much of the dividends goes to preferred shareholders? How much goes to common shareholders? 3. Is Platinum Carde's preterred stock cumulative or noncumulative? How can you telin 4. Platinum Garde passed the prelerred dividend in 2020 and 2021. Then in 2022, Platinum Garde declares cash dividends of $1,700,000. How much of the dividends goes to preferred shareholders? How much goes to common shareholders