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3. United Mobile Company has outstanding 20,000 shares of $100 par, 8% preferred stock and 250,000 shares of $1 par value common. The following schedule
3. United Mobile Company has outstanding 20,000 shares of $100 par, 8% preferred stock and 250,000 shares of $1 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Instructions Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per share amounts using the format shown. Assumptions (a) (b) Preferred, noncumulative, and nonparticipating Preferred Common Preferred, cumulative, and fully participating Preferred Common Year Paid-out $150,000 2016 2017 $235,000
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