1' u s. I..- I_ I u I I I J I\\ I_ In The Mark Company has $230,000 to pay dividends. The company has 25,000 shares of 6%, $50 par, preferred stock and 100,000I shares of 55 par common stock outstanding. The common stock is currently selling for $40 per share and the preferred stock is selling for $90 per share on the stock market. Required: Determine the amount of dividends to be paid for each class of stock in each of the independent situations. 1] Preferred stock is nonparticipating and cumulative: dividends are in the arrears for 1 year at the beginning of the yean 2] Preferred stock is fully participating and cumulative. 3] Preferred stock is nonparticipating and noncumulative. 4] Compute the dividend yield on the preferred stock and common stock for number 3