Anderson Company paid dividends at the end of each year as follows: 2011, $150,000; 2012, $240,000; and

Question:

Anderson Company paid dividends at the end of each year as follows: 2011, $150,000; 2012, $240,000; and 2013, $560,000. Determine the amount of dividends per share paid on common and preferred stock for each year, assuming independent capital structures as follows:
a. 300,000 shares of no-par common; 10,000 shares of $100 par, 9% noncumulative preferred.
b. 250,000 shares of no-par common; 20,000 shares of $100 par, 9% noncumulative preferred.
c. 250,000 shares of no-par common; 20,000 shares of $100 par, 9% cumulative preferred.
d. 250,000 shares of $1 par common; 30,000 shares of $100 par, 9% cumulative preferred.