Andrews Company has $$110,000$ available to pay dividends. It has $2,000$ shares of $10\%,$ $$100$ par, preferred stock and $30,000$ shares of $$10$ par common stock outstanding. The preferred stock is selling for $$100$ per share, and the common stock is selling for $$25$ per share.Dividends

Andrews Company has $$110,000$ available to pay dividends. It has $2,000$ shares of $10\%,$$$100$ par, preferred stock and $30,000$ shares of $$10$

par common stock outstanding. The preferred stock is selling for $$100$ per share, and the common stock is selling for $$25$ per share.

Required

Determine the amount of dividends to be paid to each class of shareholder for each of the following independent assumptions. If an amount

box required no entry, leave it blank.

a$.$ Preferred stock is nonparticipating and noncumulative.

Andrews Company

Schedule of dividends to be paid

b$.$ Preferred stock is nonparticipating and cumulative. Preferred dividends are $2$ years in arrears at the beginning of the year.

Andrews Company

Schedule of dividends to be paid

c$.$ Preferred stock is fully participating and cumulative. Preferred dividends are $1$ year in arrears at the beginning of the year.

Andrews Company

Schedule of dividends to be paid

For $1($a$),$ compute the dividend yield on the preferred stock and the common stock.

Dividend yield