Preferred and Common Stock Dividends Delafield Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to pay an annual dividend of $15,000 to preferred stockholders. On January 1, 2023, Delafield's preferred dividends were 1 year in arrears. During the 3 years (2023-2025), Delafield's board of directors determined they would be able to pay $20,000, $28,000, and $27,000, respectively. Required: Show how these anticipated payments will be split between preferred and common stockholders. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Dividends to Preferred Dividends Remaining in Arrears Amount Available Year for Dividends to Common 2022 0 15,000 < 2023 20,000 20,000 0 10,000 2024 28,000 20,000 X 2025 27,000 15,000 2,500 X 12,000 0 Feedback Check My Work The cumulative feature of preferred stock requires corporations to pay all current and unpaid prior period dividends to preferred stockholders before paying any dividends to common shareholders.