(Preferred Stock Dividends) Cajun Company has outstanding 2,500 shares of $100 par, 6% preferred stock and 15,000 shares of $10 par value common. The schedule on the next page shows the amount of dividends paid out over the last 4 years.

Instructions Allocate the dividends to each type of stock under assumptions

(a) and (b). Express your answers in pershare amounts using the format shown below.

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Assumptions (a) Preferred, noncumulative. and nonparticipating Year Paid-out Preferred 2005 $13,000 2006 $26,000 2007 $57,000 2008 $76,000 (b) Preferred, cumulative, and fully participating Common Preferred Common