Student Name: 5-point bonus Due 1/16/20 1. Sweet Company's outstanding stock consists of 1.000 shares of cumulative 5% preferred stock with a $90 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Required: Complete the blanks to show how the dividends is allocated to both Preferred and Common Shareholders in each year: Dividend Declared Paid to Preferred SH Paid to Common SH year 1 3,000 year 2 6,000 year 3 32,000 Sweet Company's outstanding stock consists of 1,000 shares of non-cumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. 2. Required: Complete the blanks to show how the dividends is allocated to both Preferred and Common Shareholders in each year: Dividend Declared Paid to Preferred SH Paid to Common SH year 1 2,000 6,000 year 2 year 3 32,000