I have partially solved this problem correctly. I am having difficulty on the problems were I left a question mark. I would like some instruction on how these are solved. Thanks so much.

Analyzing Cash Dividends on Preferred and Common Stock

Potter Company has outstanding 13,000 shares of $50 par value, 10% preferred stock and 50,000 shares of $5 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $270,000 in the second year, and $65,000 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 years.

Distibution toPreferred

Year 1 Answer 0

Year 2 ?

Year 3 answer 65,000

Common Stock

Year 1 Answer 0

Year 2 ?

Year 3 ?

(b) If the preferred stock is noncumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years.

Distibution toPreferredCommon Stock

Preferred

Year 1 Answer 0

Year 2 ?

Year 3 Answer 65, 000

Common Stock

Year 1 Answer 0

Year 2 ?

Year 3 ?