Example 4 At the start of 2013, Shasta Corporation has 15,000 outstanding shares of preferred stock, each with a $60 par value and a cumulative 7% annual dividend. The company also has 28,000 shares of common stock outstanding with par value of $37.50 per share. At the beginning of 2017, the company has a 3-for-2 common stock split. The company pays total cash dividends as follows 2013 2014 2015 2016 2017 $0 $49,500 $178,500 $123,000 $94,500 Calculate the dividends paid to each category of stockholders, in total and per share Total Preferred Total Common Per share Preferred Per share Common 2013 2014 2015 2016 2017