Michigan Manufacturing Inc. reported the below shareholders' equity information for each of the years from $20$X$1$ to $20x5.$

View the shareholders' equity data.

Michigan Manufacturing did not paid any preferred dividends in $20$X$2$ and $20$X$3.$

Requirement

Compute the total amounts of dividends to both preferred and common shareholders for $204$ and $205$ if total dividends paid were $$70,000$ in $20x4$ and $$140,000$ in $205.$

Compute the total amounts of dividends paid to the preferred and common shareholders for $20$X$4$ if total dividends paid were $$70,000$ in $20x4.$

Class of Shares $,204$ Dividends

Preferred

Common

Total

Compute the total amounts of dividends paid to the preferred and common shareholders for $20$X$5$ if total dividends paid were $$140,000$ in $20x5.$

Class of Shares $20x5$ Dividends

Preferred

Common

Total

Shareholders' Equity Data