A portion of the Stocholder's Equity section of Hatten Corporation's balance sheet as of December 31, 2016, appears below. Dividends have not been paid for the years of 2014 and 2015. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Hatten Corporation declares a dividend of $26,250 after completing operations for the year 2016.

Stockholder's Equity:

Preferred Stock (9%cumulative, $50 par value, 2,000 shares authorized) At Par Value (1,600 shares issued) $80,000

Common Stock (no-par value, with stated value of $25, 20,000 shares authorized) At Stated Value (15,000 shares issued) 375,000

1) Compute the Amount of the dividend distributed to preferred stockholders in 2014, 2015, and 2016. (Please show ALL work!!)

2) Compute the amount of the dividend to be paid on each share of preferred stock (Please show ALL work, and round per share value to 2 decimal places)

3) What would be the amount of the dividend available to common stockholders, and the amount of the dividend to be paid on each share of the common stock?