Distributed Dividends

year 1 1,000,000

Year 2 200,000

year3 2,000,000

Need to figure out the following:

Preferred years (1-3)

Common years (1-3)

Stock Outstanding Information:

* 50,000 shares 10% cumulative nonparticipating preferred stock $50 par

*100,000 shares of $ 5par common stock

This is what I have so far....

50 par times .1 equals $5 preferred

5/sh. times 50,000 equals 250,000 - Dividend per year

Please provide equations on how figures are calculated and will allow a better understanding of the process distributed dividends.