Dividend Distribution Chauncey Corporation began business on June 30, 2016. At that time. It issued 20.000 shares of 50 par valux percent, cutive preferred stock and 90.000 shares of $10 par value common stock. Through the end of 2016, there had been no change in the number of preferred and common shares outstanding Required a. Assume that Chauncey declared dividends of 3.000 in 2016 10 in 2017 and 354.000 in 2018. Calculate the total dividends and the dividends per share paid to each class of stock in 2016, 2017 and 2018. Round to two decima places Preferred Commen Preferred Common 2017 60.000 b. Assume that Chauncey declared dividends of so in 2016 $120,000 in 2017 and 16.00 2018. Calculate the total dividends and the dividends per shared to each class of stock in 2016 2017 and 2018 Round to two decimal places FreeC red 2016 S000 X30 1000 0 00 W 2013 0.000 60.000