Calculate the preferred and common stock dividend per share for (years 1,2,3):

Distributed dividends:

Year 1 1,000,000

Year 2 200,000

Year3 2,000,000

Stock outstanding information.....

* 50,000 shares 10% cumulative non-participating preferred stock $50 par

* 100,000 shares of $5 par common stock

So far this what I have figured!

50par times .1 = $5 preferred

$5/sh/ times 50,000 = 250,000 dividend per year

Unsure how the values of years 1-3 are gathered,please provide equation with solution