Reference no: EM132982288

Question - Bread Pitt had two classes of shares that were both issued on January 1, 2013:

Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding

Class B, no par value common shares issued at $50 per share, 1,000,000 shares issued and outstanding.

There were no dividends paid in 2013 and 2014. In 2015, dividends of $6,000,000 were paid. For 2016, dividends paid totalled $17,000,000, and for 2017 total dividends paid were $15,000,000. How much in dividends was paid to preferred and common shares in 2013 to 2017, assuming the preferred shares are cumulative.