Calculate the cash dividends required to be paid for each of the following preferred stock issues:

Required:
a. The semiannual dividend on 7% cumulative preferred, $60 par value, 40,000 shares authorized, issued, and outstanding.

b. The annual dividend on $5.20 cumulative preferred, 800,000 shares authorized, 240,000 shares issued, 171,600 shares outstanding. Last year’s dividend has not been paid.

c. The quarterly dividend on 4.8% cumulative preferred, $100 stated value, $103 liquidating value, 600,000 shares authorized, 445,000 shares issued and outstanding. No dividends are in arrears.