1. National Furniture Company has 25,000 shares of cumulative preferred 2% stock, $75 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends (12 points):

Year 1 $25,000

Year 2 $88,000

Year 3 $95,500

Determine the dividends per share for preferred and common stock for each year.

Year 1 Year 2 Year 3

Amount distributed:

Preferred dividends _________ _________ ________

Common dividends _________ _________ ________

Dividends Per share:

Preferred dividends _________ _________ _________

Common Dividends _________ _________ _________