Please explain each step. thank you. Analyzing and Distributing Cash Dividends to Preferred and Common StocksAnalyzing and Distributing Cash Dividends to Preferred and Common Stocks

preferred and common shares outstanding.

Round the per share amount to two decimal places.

Round the per share amount to two decimal places.

Moser Company began business on March $1,$ Year $1.$ At that time, it issued $10,000$ shares of $$70$ par value, $10\%$ cumulative preferred stock and $100,000$ shares of $$5$ par

value common stock. Through the end of Year $3,$ there has been no change in the number of preferred and common shares outstanding.

a$.$ Assume that Moser declared and paid cash dividends of $$0$ in Year $1,$$$183,000$ in Year $2,$ and $$200,000$ in Year $3.$ Compute the total cash dividends and the dividends

per share paid to each class of stock in Year $1,$ Year $2,$ and Year $3.$

Round the per share amount to two decimal places.

b$.$ Assume that Moser declared and paid cash dividends of $$0$ in Year $1,$$$70,000$ in Year $2,$ and $$170,000$ in Year $3.$ Compute the total cash dividends and the dividends

per share paid to each class of stock in Year $1,$ Year $2,$ and Year $3.$

Round the per share amount to two decimal places.