Preferred-Stock Dividends (10 pt) Davis Corporation indicated that the following dollar amounts would be available for dividends during four successive years as follows: $4,000; $2,000; and $4,000. The par value of the preferred stock is $60,000 with 5% dividend. If preferred is not cumulative, we have the following: (5 pt) Preferred Common Y1 2 3 If preferred is cumulative, we have the following: (5 pt) Preferred Common YI 2 3