The Youngsun Kim Company has a capitalization of 20,000, 51.60 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 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 in love with John 2 The Preferred Shares are cumulative & nonparticipating Preferred Shares Common Shares Year 20x3 20X4 20x5 20X6 20x7 Total Dividends $ 24,000 $ 128,000 $ 144,000 $ 22,000 $ 168,000 3 The Preferred Shares are noncumulative & participating Preferred Shares Common Shares Year 20x3 20x4 20x5 20X6 20x7 Total Dividends $ 24,000 $ 128,000 $ 144,000 $ 22,000 $ 168,000 The Preferred Shares are cumulative & participating 4 Preferred Shares Common Shares Year 20x3 20X4 20X5 20X6 20x7 Total Dividends $ 24,000 $ 128,000 $ 144,000 $ 22,000 $ 168,000