1. As of January 2016, Vera Co has 6% Preferred stock, $100 par value 10,000 shares issued and outstanding; Common stock, $5 par value, 100,000 shares issued and outstanding.

The following dividends were declared and paid in 2016, 2017 and 2018

2015	No dividends were declared and paid
2016	$15,000
2017	$40,000
2018	$110,000

a) Assuming the preferred stock were non-cumulative, how much dividends did preferred and common stockholders receive for each year dividends were declared.
b) Calculate Dividend Per Share for each year
c) Assuming the preferred stock were cumulative, how much dividends did preferred and common stockholders receive for each year dividends were declared.
d) Calculate Dividend Per Share for each year