PLEASE EXPLAIN THE NUMBERS

(b A company was organized in January 2012 and has 5,000 shares of $100 par value, 5%, nonparticipating preferred stock outstanding and 40,000 shares of S10 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of stockholder under each of the assumptions given. 3 Assuming Preferred Stock Is Not Cumulative Assuming Preferred Stock Is Cumulative Cash Dividends Declared and Preferred Common Preferred Common Dividend Year 2012 2013 2014 2015 2016 Paid Dividend Divi dendDividend S32,000 $38,000 $18,000 22,000