Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2016 of $4,000; 2017 of $10,000; and 2018 of $20,000. Required: 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative For case la, journalize the declaration of the 2018 dividend on December 22, 2018, and payment on January 14, 2019