The following information is used in the next three questions Lazor has 4,000 shares of 8%, $50 par value, cumulative preferred stock and 100.000 shares of 1 par value common stock outstanding at December 31, 2021 and December 31, 2020. The board of directors declared and paid a $10,000 dividend in 2020. In 2021, 548,000 of dividends are declared and paid. Question: When dividends are declared (but are not yet paid) in 2020 the following happens: 1. Equity increases $10,000 2. Equity decreases $10,000 3. None of these listed 4. Liabilities decrease $10,000 QUESTION 38 The amount of dividends paid to preferred shareholders in 2021 equalsi QUESTION 39 The amount of dividends paid to common shareholders in 2021 equals