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2) During 2016-2020, IPO Corporation had the following issuances of shares outstanding for the entire period: 20,000 shares of $5.00 cumulative preferred shares 50,000 common

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2) During 2016-2020, IPO Corporation had the following issuances of shares outstanding for the entire period: 20,000 shares of $5.00 cumulative preferred shares 50,000 common shares issued at $10 each Cash dividends declared by the board of directors during 2016 - 2020 were as follows: 2016 none 2017 $125,000 2018 $200,000 2019 $250,000 2020 $325,000 Required: Compute the amount of total dividends and dividends per share payable to each class of shares for 2016-2020 Total Preferred Per Share Preterred Total Common Per Share Common Year 2016 2017 2018 2019 2020

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