Dividend Distribution Rydon Corporation began business on March 1, 2010. At that time, it issued 20,000 shares of $60 par value, seven percent cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of 2012, there had been no change in the number of preferred and common shares outstanding.

Required a. Assume that Rydon declared dividends of $0 in 2010, $183,000 in 2011, and $200,000 in 2012. Calculate the total dividends and the dividends per share paid to each class of stock in 2010, 2011, and 2012. Round to two decimal places. b. Assume that Rydon declared dividends of $0 in 2010, $84,000 in 2011, and $150,000 in 2012. Calculate the total dividends and the dividends per share paid to each class of stock in 2010, 2011, and 2012. Round to two decimal places.