Exercise 13-9 Dividends on common and cumulative preferred stock L.O. C2Wades outstanding stock consists of 52000 shares of cumulative 9.50% preferred stock with a $10 par value and also 130000 shares of common stock with a $1 par value. During its first four years of operation the corporation declared and paid the following total cash dividends.2011 $ 400002012 430252013 919002014 134400Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank be certain to enter 0 wherever required. Omit the $ sign in your response.)Preferred Common2011 $ $2012 $ $2013 $ $2014 $ $Determine the total dividends paid to each class for the four years combined. (Omit the $ sign in your response.)Preferred CommonTotal dividends for four years $ $

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