Moser Company began business on March 1, 2012. At that time, it issued 25,000 shares of ($

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Moser Company began business on March 1, 2012. At that time, it issued 25,000 shares of $\$ 50$ par value, $7 \%$ cumulative preferred stock and 80,000 shares of $\$ 5$ par value common stock. Through the end of 2014, there has been no change in the number of preferred and common shares outstanding.

a. Assume that Moser declared and paid cash dividends of $\$ 0$ in 2012, \$192,000 in 2013, and $\$ 200,000$ in 2014. Compute the total cash dividends and the dividends per share paid to each class of stock in 2012, 2013, and 2014 .

b. Assume that Moser declared and paid cash dividends of $\$ 0$ in $2012, \$ 87,500$ in 2013 , and $\$ 150,000$ in 2014. Compute the total cash dividends and the dividends per share paid to each class of stock in 2012, 2013, and 2014 .

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