Problem 10 12 pts A company was organized in January 2019 and has 20,000 shares of $10 par value, 10%, nonparticipating preferred stock outstanding and 150,000 shares of $2 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of stockholder under each of the assumptions given. Assuming Preferred Stock Assuming Preferred Stock Is Cumulative Is Noncumulative Cash Dividends Preferred Dividend Preferred Dividend Declared Common Dividend Common Dividend Year and Paid $6,000 2019 $30,000 2020 2021 $60,000