Pronghorn Corp has3,200shares of8%, $103par value preferred stock outstanding at December 31, 2017. At December 31, 2017, the company declared a $123,000cash dividend.

Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios.

1. The preferred stock is noncumulative, and the company has not missed any dividends in previous years.

The dividend paid to preferred stockholders$

The dividend paid to common stockholders$

2. The preferred stock is noncumulative, and the company did not pay a dividend in each of the two previous years.

The dividend paid to preferred stockholders$

The dividend paid to common stockholders$

3. The preferred stock is cumulative, and the company did not pay a dividend in each of the two previous years.

The dividend paid to preferred stockholders$

The dividend paid to common stockholders$

Im completely lost as to how to do this and usually there is a video tutorial i could watch with almost always helps me at the very least i could use the formulas needed to get the answers