Wade’s outstanding stock consists of 32,000 shares of cumulative 6.5% preferred stock with a $10 par value and also 85,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2011 $ 15,000 2012 16,500 2013 65,000 2014 80,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined.

Wade’s outstanding stock consists of 32,000 shares of cumulative 6.5% preferred stock with a $10 par value and also 85,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.

    

2011	$	15,000
2012		16,500
2013		65,000
2014		80,000

Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined.