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 companys 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 shows the amounts of dividends for each of the two classes of shares.

1. The Preferred Shares are noncumulative & nonparticipating
Year	Total Dividends	Preferred Shares	Common Shares
20X3	$24,000
20X4	$128,000
20X5	$144,000
20X6	$22,000
20X7	$168,000

2. The Preferred Shares are noncumulative & nonparticipating
Year	Total Dividends	Preferred Shares	Common Shares
20X3	$24,000
20X4	$128,000
20X5	$144,000
20X6	$22,000
20X7	$168,000

3. The Preferred Shares are noncumulative & nonparticipating
Year	Total Dividends	Preferred Shares	Common Shares
20X3	$24,000
20X4	$128,000
20X5	$144,000
20X6	$22,000
20X7	$168,000

4. The Preferred Shares are noncumulative & nonparticipating
Year	Total Dividends	Preferred Shares	Common Shares
20X3	$24,000
20X4	$128,000
20X5	$144,000
20X6	$22,000
20X7	$168,000