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Please help me solve this problem. (Please explain with clear details) Thank you, have...

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Accounting

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Please help me solve this problem.

(Please explain with clear details)

Thank you, have a wonderful day!

Zelda Corporation had outstanding 5,000 shares of $40 par, 8 percent cumulative preferred stock and 100,000 shares of $10 par-value common stock. The corporation declares and pays dividends as follows: Year 1, $20,000; Year 2, $0; Year 3, $12,000; Year 4, $75,000. Instructions: Determine the dividends paid to preferred and common stockholders

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