A) CALCULATE TOTAL DIVIDEND FOR EACH GROUP OF SHAREHOLDER IF PREFERED STOCK IS CUMULATIVE :

I want to know how we get 2019 can you please explain me Thanks!

Problem 12-5B Dividend allocation L05 excel Kangaroo Media Inc. has issued and outstanding a total of 40,000 shares of $7.20 preferred shares and 120,000 of common shares. The company began operations and issued both classes of shares on January 1, 2016. Required 1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Dividends Declared and Paid Preferred Dividends Common Dividends Year 2016 2017 2018 2019 $360,000 60,000 150,000 900,000