The Company was organized in January 2014 and has 25,000 shares of $25 par value, 12%, preferred stock outstanding, and 30,000 shares of $12 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.

			Assuming Preferred Stock is Not Cumulative			Assuming Preferred Stock is Cumulative
Year	Cash Dividends Declared and Paid		Preferred Dividend	Common Dividend		Preferred Dividend	Common Dividend
2014	$25,000
2015	$105,000
2016	$185,000