Requirement 1a-1b please! cesCarlos Company had the following stock outstanding and Retained Earnings at December 31, 2021:Common Stock (par $1; issued and outstanding, 460,000 shares)Preferred Stock, 9% (par $10; issued and outstanding, 18,700shares)Retained EarningsOn December 31, 2021, the board of directors is considering the distribution of a cash dividend to the common and preferredstockholders. No dividends were declared during 2019 or 2020. Three independent cases are assumed:Case A: The preferred stock is noncumulative; the total amount of 2021 dividends would be $22,000.Case B: The preferred stock is cumulative; the total amount of 2021 dividends would be $21,000. Dividends were not inarrears prior to 2019.Case C: Same as Case B, except the amount is $64,000.Required:1-a. Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared asdescribed in each case.1-b. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case.Complete this question by entering your answers in the tabs below.Req 1AReq 1BPreferredCommonTotalCompute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends weredeclared as described in each case.$Case A0 $Case B1024 2025OA0 $Case CL16 SA2015-$ 460,000187,000963,00012PREMAEVA221 2220

In the case of cumulative preferred stock, dividends in arrears will be paid in priority over the current period dividend. After all the dividends are paid to preferred stockholders (previous years and current year), the rest of the dividends will be paid to common stockholders. In the case of noncumulative preferred stock, no dividends in arrears will be paid. After all the dividends are paid to preferred stockholders (current year only), the rest of the dividends will be paid to common stockholders.Preferred Stockholders dividend in arrears (2019 and 2020) = $187000 x 9% x 2 = $33660 Preferred Stockholders dividend for 2022 = $187000 x 9% = $16830 1-a. Case A Case B Case C Preferred (arrears priority) 0 $21000 $33660 Preferred (Current year) $16830 0 $16830 Total Preferred $16830 $21000 $50490 Common (Balancing Figure) $5170 0 $13510 Total $22000 $21000 $64000 1-b. Case A Case B Case C Total Preferred $16830 $21000 $50490 Preferred per share $16830 / 18700 = $0.90 $21000 / 18700 = $1.12 $50490 / 18700 = $2.70 Common $5170 0 $13510 Common per share $5170 / 460000 = $0.01 0 $13510 / 460000 = $0.03 Total $22000 $21000 $64000

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Accounting

Required: 1-a. Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. Complete this question by entering your answers in the tabs below. Req 1A Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. Preferred Common Req 1B Total Case A $ 0 $ Case B 0 Case C $ 0