Please explain each step. thank you. Analyzing and Distributing Cash Dividends to Preferred and Common Stocks

Moser Company began business on March $1,$ Year $1.$ At that time, it issued $10,000$ shares of $$70$ par value, $10\%$ cumulative preferred stock and $100,000$ shares of $$5$ par

value common stock. Through the end of Year $3,$ there has been no change in the number of preferred and common shares outstanding.

a$.$ Assume that Moser declared and paid cash dividends of $$0$ in Year $1,$$$183,000$ in Year $2,$ and $$200,000$ in Year $3.$ Compute the total cash dividends and the dividends

per share paid to each class of stock in Year $1,$ Year $2,$ and Year $3.$

Round the per share amount to two decimal places.

b$.$ Assume that Moser declared and paid cash dividends of $$0$ in Year $1,$$$70,000$ in Year $2,$ and $$170,000$ in Year $3.$ Compute the total cash dividends and the dividends

per share paid to each class of stock in Year $1,$ Year $2,$ and Year $3.$

Round the per share amount to two decimal places.