Question: Use the data in Exercise 13-8 to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that

Use the data in Exercise 13-8 to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined.

2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000
2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000
2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000
2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . 196,000

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