3)Rhodes Wholesale Merchandise had 4,000 preferred shares of $5 no par value issued at $20 per share and 15,000 common shares of no par value issued at $25 per share throughout 2001. These data apply to each of the independent situations below.

1. Assuming that total dividends declared in 2001 were $35,000 and that the preferred shares are not cumulative, common shareholders should receive total 2001 dividends of

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$________________.

2. Assuming that total dividends declared in 2001 were $80,000 and that the preferred shares are cumulative with two years' preferred dividends in arrears on December 31, 2000, the preferred shareholders should receive 2001 dividends totalling

$________________.

3. Assuming that total dividends in 2001 were $30,000 and that the preferred shares are cumulative with one year's preferred dividends in arrears on December 31, 2000, the preferred shareholders should receive 2001 dividends totalling

$________________.

4. Assuming that total dividends declared in 2001 were $45,000, that the cumulative preferred shares were issued on January 1, 2000, and that $10,000 of preferred dividends were declared and paid in 2000, the common shareholders should receive 2001 dividends totalling

$________________.

5. Assuming that total dividends declared in 2001 were $50,000 and that the cumulative preferred stock dividends have not been paid after 1999, the common shareholders should receive total 2001 dividends of

$________________.

6. Assuming that the total dividends declared in 2001 were $190,000 and that the cumulative preferred shares received dividends in the following manner: In full up to 1997, $18,000 in 1998, $4,000 in 1999, and $15,000 in 2000; common shareholders should receive total 2001 dividends of

$________________.