I'm tring to understand, how to calculate dividend distribution and arreage.
if sombody can tell me how to do that , I really appreciate that

My puzzle question is

Corporation had the following capital stock structure:

Preferred stock--10% cumulative; participating to the extend of 3% above preference rate; par value $100;authorized, 50,000 shares; issued, 10,000 shares.

Common Shares-- Par value $100; authorized, 10,000 shares; issued, 10,000 shares.

The total dividend payments made during the first five years follow:

Year 1--------$210,000
Year 2--------$280,000
Year 3--------$40,000
Year 4--------$370,000
Year 5--------$250,000

I need to understand how to calculate preferred dividend, common dividend, arrearage and how to calculate 3% participation dividend

If some body explain me, I really appriciate that.