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XYZ Corporation has 1 0 0 , 0 0 0 shares of 3 % , $ 1 0 0 par, cumulative preferred stock and 5

XYZ Corporation has 100,000 shares of 3%,$100 par, cumulative preferred stock and 500,000 shares of $5 par common stock. The company declared $225,000,$350,000,$350,000, and $400,000 in dividends in Years 1,2,3, and 4, respectively.
a) In total, how much in dividends are preferred shareholders entitled to each year?
b) Complete the following table.
\table[[Year,\table[[Annual Dividends],[(Total)]],Preferred Shareholders,Common Shareholders],[Total,Pershare,Arrears,Total,Per Share],[1,,,,,,],[2,,,,,,],[3,,,,,,],[4,,,,,,]]
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