Cash dividends distributed by year:

year 1: $25,000

year 2: $30,000

year 3: $210,000

year 4: $360,000

Number of shares:

preferred stock: 70,000 shares

common stock: 180,000 shares

Preferred stock dividend rate:

preferred stock: 6%

Par value per share:

common stock: $0.01

preferred stock: $20.00

Common stock share price:

year 1: $14

year 2: $20

year 3: $18

year 4: $25

U uvement. W GOVT2306 Chapter... Required 1 Required 2 Assume that preferred stock is noncumulative and compute the Year 4 cash dividends paid to (a) preferred stockholders and (b) common stockholders. Noncumulative Preferred Common Cash dividends paid for Year 4 Required 1