PROBLEM I: 25 POINTS Dick's outstanding stock consists of 40,000 shares of cumulative 4% preferred stock with a S10 par value and also 100,000 shares of common stock with a $1 par value (SHOW ALL WORK REQUIRED: Determine the amount of dividends paid each year to each of the two classes of stock: prefered and common. Also compute the per share dividend paid each year to each of the two classes of stock YEAR DIVIDENDS PREFERRED STOCK COMMON STOCK TOTAL PER SHARE TOTAL PER SHARE 2014 $ 10,000 2015 $ 14,000 2016 $100,000 2017 $175,000