A company has 20,000 shares of $100 par 5% cumulative preferred stock and
10,000 shares of $1 par common stock and pays out the following:
		Year	Total
		2010	70,000
		2011	150,000
		2012	125,000
		2013	175,000
Prepare the distribution to the stockholders under two situations. First the preferred stock is cumulative, second it is non-cumulative.

A company has 10,000 shares of $100 par 7% cumulative preferred stock and
20,000 shares of $1 par common stock and pays out the following:
		Year	Total
		2010	35,000
		2011	75,000
		2012	125,000
		2013	100,000
Prepare the distribution to the stockholders under two situations. First the preferred stock is cumulative, second it is non-cumulative.