Russell Company has 250,000, $7 par, 3% preferred shares of stock outstanding and 500,000 shares of common stock.

Russell declared and paid dividends as follows: Year 1: 45,000; Year 2: $45,000; Year 3 $100,000; Year 4: $100,000

(1) Determine the amount of dividends paid each year to each of the two classes of stock: preferred and common. ALSO (2)compute the per share dividend paid each year to each of the two classes of stock.