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.

	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

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

	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	$ 168,000

	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