Question #21 and #22 refer to the following: Nishi Inc. has issued 1.000 shares of its $z. cumulative preferred shares and 10,000 common shares. The following are the cash dividends paid during Nishi's first three years of operations: 2018 2019 2020 $5,000 $0 $25,000 21. The cash dividend paid to preferred shareholders in 2020 was: I a. $7,000. b. $0. c. $16,000 d. $9,000. .e. None of the above. 22. The cash dividend paid to common shareholders in 2020 was: a. $11,000 b. $18,000. c. $16,000 d. $9,000 e. None of the above