Acorporation was organized on January 1 and issued the following shares of stock: 1} asoo shares of Moo par value. 3% nonparticipating preferred stock. 2} 2U,DDD shares of $2o par value common stock. All shares were issued and outstanding throughout the next three years. The corporation declared and paid a cash dividend in each of those years as follows: Year 1 - $25.00!?! Year 2 $B.o Year 3 Hid-DE:- Preferred Dividends per year- $1(.E)=$B(2.5l])= seaooo Common Dividends Per Year Total Dividends Prefered Dividends Paid This Example is NonCumulative. Which means there is no roll over for Preferred Dividends. Preferred Total Preferred dividends lCommon . . . . carried dividends dividend dividends fo d paid paid this to next year this year