{3511 llU'WE 5 E840. Analyzing Cash Dividends on Preferred and Common Stock LO Everett Company has outstanding 30,000 shares of $50 par value, 6% preferred stock and 70,000 shares of $1 par value common stock. During its rst three years inbusiness, it declared and paid no cash dividends in the rst year, $310,000 in the second year, and $90,000 in the third year. elf the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years. b. If the preferred stock is noncumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years