A company was organized in January 2010 and has 2,0000 shares of $10 par value, 10%, nonparticipating preferred stock outstanding and 150,000 shares of $2 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 stockholders under each of the assumptions given.
is noncumulative is cumulative
Pref Divid Common Div Pref Divid Common Div
2016 18000
2017 36000
2018 60000