1. A company declared a cash dividend of $ 75,000. At the time of the declaration, the outstadning stocks were as follows: - Common stocks 10,000, par value $5, issued at $7.50. - Preferred stocks 5,000, 5%, par $105.00, sold at $108.50, cummulative. - Treasury stocks 3,000 re-purchased at $5.00.

Prepare schedule to determine the dividend that should be paid for each of the following independent transactions