I need guidance on which answer is correct and if neither are, what are the calculations for each answer?

A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10 %, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock.

Determine the total and per share dividends for each class of stock for each year by completing the schedule.

Option 1 Preferred Common Year Dividends Total Per Share Total Per Share 1 $ 30,000.00 $ 25,000.00 $ 10.00 $ $ 25,000.00 $ 10.00 $ 5,000.00 $ 0.10 2 $ 25,000.00 $ 25,000.00 $ 10.00 $0.00 $0.00 3 $ 60,000.00 $ 25,000.00 $ 10.00 $ 35,000.00 $ 0.70 Option 2 Preferred Common Year Dividends Total Per Share Total Per Share 1 $30,000.00 $ 30,000.00 $ 12.00 $0.00 $0.00 2 $ 25,000.00 $ 25,000.00 $ 10.00 $0.00 $0.00 3 $ 60,000.00 $ 25,000.00 $ 10.00 $ 35,000.00 $ 0.70