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The Riley Corporation paid cash dividends totaling $150,000 in 2018, $75,000 in 2019, and $800.000 in 2020. There were no dividends in arrears as of

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The Riley Corporation paid cash dividends totaling $150,000 in 2018, $75,000 in 2019, and $800.000 in 2020. There were no dividends in arrears as of January 1, 2018 Required: Compute the amount of cash dividends to be received by the preferred and common stockholders in each of the three years under each of the following independent assumptions: (a) 25,000 shares of common stock: 100,000 shares of 6%, $50 par value, cumulative preferred stock. (b) 25,000 shares of common stock; 50,000 shares of 6%, $50 par value, noncumulative preferred stock C) 25,000 shares of common stock, 70,000 shares of 6%, $100 par value, cumulative preferred stock

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