A company was organized in January $2016$ and has $15,000$ shares of $$12$ par value,

$20\%,$ nonparticipating preferred stock outstanding and $50,000$ shares of $$7$ par value

common stock outstanding. It has declared and paid cash dividends each year as

shown below. Calculate the total dividends distributed to each class of stockholder

under each of the assumptions given.

$2016$ $$20,000$

$2017$ $$30,000$

$2018$ $$60,000$

Required: Complete the amount of total dividends allocated to each class of stock

during $2016-2018.$

Cumulative:

Year Preferred Common

$2016$

$2017$

$2018$

Non$-$Cumulative:

Year Preferred Common

$2016$

$2017$

$2018$