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Kangaroo Media Inc. has issued and outstanding a total of 40,000 shares of $7.20 preferred shares and 120,000 of common shares. The company began operations and issued both classes of shares on January 1, 2019. Required 1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2019 $360,000 2020 60, 000 2021 150, 000 2022 900, 000 2. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are noncumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2019 $360,000 2020 60, 000 2021 150, 000 2022 900, 000