The Youngsun Kim Company has a capitalization of 20,000, $1.60 no par value preferred shares and 40,000 no par value common shares. All the authorized shares have been issued. The preferred shares at $20.00 per share and the common at $30.00 per share. On December 31, 20X2 there were no dividends in arrears. During the five following years the company's dividends declaration were as follows: 20X3 20X4 20X5 20X6 20X7 $ 24,000 $ 128,000 $ 144,000 $ 22,000 $ 168,000 Required: Under each of the following assumptions complete the schedule below, which sh the amounts of dividends for each two classes of shares. The Preferred Shares are noncumulative & nonparticipating Total Dividends Preferred Shares Common Shares Year 20X3 $ 24,000 20X4 $ 128,000 20X5 $ 144,000 20X6 $ 22.000 27 L60 00 The Preferred Shares are cumulative & nonparticipating Year Total Dividends Preferred Shares Common Shares 20X3 $ 24,000 20X4 $ 128,000 20X5 $ 140,000 20X6 $ 22,000 20X7 $ 168,000 3. The Preferred Shares are noncumulative & participating Year Total Dividends Preferred Shares Common Shares 20X3 $ 24,000 20X4 $ 128,000 20X5 $ 144,000 20X6 $ 22,000 20X7 S 168,000 4. The Preferred Shares are cumulative & participating Year Total Dividends Preferred Shares Common Shares 20X3 $ 24,000 20X4 $ 128,000 20X5 $ 144,000 20X6 $ 22,000 20X7 $ 168,000