13. ABC Company has 1,000 shares of $100 par value, 9% preferred stock and 10,000 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2015. Since 2015, Falcon has declared and paid dividends as follows: 2016 2017 2018 2019 $ 0 10,000 20,000 25,000 A. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2017 to 2019. B. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? 14. At December 31, 2018, ABC Company and XYZ Company have identical amounts of common stock and retained earnings as follows: Common stock, $10 par, 50,000 shares authorized, 9,000 issued, 9,000 outstanding Retained earnings, $500,000 At December 31, 2018, ABC Company declares and issues a 100% stock dividend, while XYZ Company declares and issues a 2-for-1 stock split. Required Determine for each company the following amounts as of January 1, 2019: ABC Co: Number of shares of common stock outstanding Par value per share of the common stock Total amount reported in Common Stock account_ Retained earnings 15. At December 31, 2017, ABC Company has the following: XYZ Co: Common stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding Preferred stock, $100 par, 8%, cumulative, 1,000 shares authorized, issued, and outstanding The company did not pay any dividend during 2016 or 2015. A. Compute the amount of dividend to be received by the common and preferred stockholders in 2017 if the company declared a dividend of $24,000. B. Compute the amount of dividend to be received by the common and preferred stockholders in 2017 if the company declared a dividend of $60,000