The shareholders' equity section of Crystal Company’s balance sheet includes the items shown below.

Preferred stock, 6%, $100 par, 1,000,000 shares outstanding

Common stock, $1 par, 50,000,000 shares outstanding

The board of directors of Crystal declared cash dividends of $3 million, $6 million, and $50 million in each of its first 3 years of operation: 2013, 2014, 2015, respectively.

Required:

Prepare a schedule showing the distribution of dividends by amount and per share of preferred and common stock for each of the three years. The preferred stock is cumulative and nonparticipating.