Font Paragraph Styles A corporation was organized on January 1 and issued the following shares of stock: 1) 1,500 shares of $100 par value, 10% non-participating preferred stock. 2) 15,000 shares of $20 par value common stock All shares were issued and outstanding throughout the next three years. The corporation declared and paid a cash dividend in each of those years as follows: Year 1 - $10,000 Year 2 - $36,000 Year 3 - $60,000 Required: 1) Calculate the dividends paid to each class of stock in each of those years assuming the preferred stock is NON-CUMULATIVE. Use the matrix format listed below. Be sure to show your supporting calculations and label them to indicate which numbers in the matrix they are supporting Total dividend declared $10,000 $36,000 Preferred dividends paid this year Preferred dividends carried forward to next year Common dividends paid this year Year 2 $60,000