Torino Company has 10,000 shares of $20 par value, 6.0% cumulative and nonparticipating preferred stock and 110,000 shares of $10 par value common stock outstanding. The company paid total cash dividends as follows: Year 2017 2018 Total Cash Dividend $4,000 $25,000 a) How much of the cash dividends will be paid to the preferred and common shareholders in 2017 and 2018? a) How much of the cash dividends would be paid to the preferred and common shareholders in 2017 and 2018 if instead the preferred stock was noncumulative