Sanchez Corporation has D E F 21,000 shares of S 3% 12 points 75.00 and $ 45.00 cumulative preferred stock with a par value of 150,000 shares of common stock with a par value of The following amounts were distributed as dividends: Required: Determine the total dividends and dividends per share for preferred and common stock for each year. Preferred Preferred Common Total Preferred Year Dividends Dividends Dividend Per/Share Dividend in Common Dividend Arrears Dividend Per/Share 1 $ 25,000.00 2 $ 65.000.00 3 $120,000.00