Snowy Peaks Corporation was organized in January $2019$ and issued shares of preferred and

common stock as shown. As of December $31,2022,$ there have been no changes in outstanding

stock.

Preferred stock $(10\%,$$$15$ par, $10,000$ shares issued and outstanding$)$ $$150,000$

Common stock $($ $$20$ par, $15,000$ shares issued and outstanding$)300,000$

Required:

For each of the following independent situations, compute the amount of dividends that

would be paid for each class of stock in $2021$ and $2022.$ Assume that total dividends of

$$8,000$ and $$92,000$ are paid in $2021$ and $2022,$ respectively.

Preferred stock is noncumulative.

Preferred stock is cumulative, and no dividends are in arrears in $2021.$

Preferred stock is cumulative, and no dividends have been paid during $2019$ and $2020.$