Assignment for Module 8 Navigation Finish attempt ... Question 2 Partially correct Mark 0.50 out of 1.00 P Flag question Analyzing Cash Dividends on Preferred and Common Stock Potter Company has outstanding 17,000 shares of $50 par value, 8% preferred stock and 60,000 shares of $5 par value common stock! business, it declared and paid no cash dividends in the first year, $292,000 in the second year, and $68,000 in the third year. (a) If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three year Distibution to Preferred Common Stock Year 1 5 05 0 Year 2 s oxs Year 3 s oxs