Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Moser Company began business on March 1, 2015. At that time, it issued 10,000 shares of $70 par value, 10% cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of 2017, there has been no change in the number of preferred and common shares outstanding. b. Assume that Moser declared and paid cash dividends of $0 in 2015, $70,000 in 2016, and $170,000 in 2017. Compute the total cash dividends and the dividends per share paid to each class of stock in 2015, 2016, and 2017. Round the per share amount to two decimal places. Year Class Total Per Share 2015 Preferred $ 0 $ 0 2015 Common $ 0$ 0 2016 Preferred $ 70,000 $ 7 2016 Common $ 0$ 0 2017 Preferred $ 170,000 X $ 17 X 2017 Common $ Ox $