Xiong Inc. has the following shareholders' equity (Click the icon to view the data.) Answer these questions about Xiong's dividends 1. Are Xiong Inc.'s preferred shares cumulative or noncumulative? How can you tell? Assume there are no dividends in arrears 2. Suppose Xiong Inc declares cash dividends of $17.000 for 2020. How much of the dividends goes to preferred shares? How much goes to common shares? 3. Suppose Xiong Inc. did not pay the preferred dividend in 2018 and 2019. In 2020, the company declares cash dividends of $17,000 How much of the dividends goes to prelened shares? How much goes to common shares? 1. Are Xiong Inc's preferred shares cumulative or noncumulative? How can you tell? Assume there are no dividends in areas Xiang's preferred shares are because they are specifically designated as 2. Suppose Xiong Inc. declares cash dividends of $17,000 for 2020 How much of the dividends goes to preferred shares? How much goes to common shares? Xiong's dividend would be divided between prefered and common shares in this manner Xlong's preferred shares dividend for 2020 Xong's common shares dividend for 2020