Mazurka Corporation has 2,000 shares of $100, 8 percent cumulative preferred stock outstanding and 40,000 shares of $1 par value common stock outstanding. In the company’s first three years of operation, its board of directors paid the following cash dividends: 2013, none; 2014, $40,000; and 2015, $80,000. Determine the total cash dividends and dividends per share paid to the preferred and common stockholders during each of the three years.
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