2B) PIRATE 40 INC. CURRENTLY HAS 200,000 SHARES OF $5 PAR VALUE
COMMON STOCK OUTSTANDING AND 20,000 SHARES OF $100 PAR
VALUE, 4%, CUMULATIVE PREFERRED STOCK OUTSTANDING.
THERE ARE NO DIVIDENDS OUTSTANDING AS OF 1/1/2016.
REQUIRED: SHOW HOW THE FOLLOWING DIVIDENDS ARE TO BE
	DISTRIBUTED. USE THE "DIVIDENDS IN ARREARS" COLUMN
	TO ENSURE MAXIMUM CREDIT.
	TOTAL		COMMON	PREFERRED	DIVIDENDS
YEAR:	DIVIDEND:		DIVIDEND:	DIVIDEND:	IN ARREARS:
2016	55,000
2017	70,000
2018	200,000
2019	35,000
2020	100,000