Andrews Company has $80,000 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 $125 per share, and the common stock is selling for $20 per share. Required Question Content Area 1. 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 blank Preferred Common Preferred dividend $fill in the blank 4b0a5202b015fa6_1 fill in the blank 4b0a5202b015fa6_2 Remainder to common fill in the blank 4b0a5202b015fa6_3 $fill in the blank 4b0a5202b015fa6_4 Total $fill in the blank 4b0a5202b015fa6_5 $fill in the blank 4b0a5202b015fa6_6 Question Content Area 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 blank Preferred Common Dividends in arrears $fill in the blank bc389c00d024050_1 $fill in the blank bc389c00d024050_2 Current preferred dividend fill in the blank bc389c00d024050_3 $fill in the blank bc389c00d024050_4 Remainder to common fill in the blank bc389c00d024050_5 fill in the blank bc389c00d024050_6 Total $fill in the blank bc389c00d024050_7 $fill in the blank bc389c00d024050_8 Question Content Area 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 blank Preferred Common Dividends in arrears $fill in the blank 6fa551f3b015fdf_1 $fill in the blank 6fa551f3b015fdf_2 Current preferred dividends fill in the blank 6fa551f3b015fdf_3 fill in the blank 6fa551f3b015fdf_4 Common proportional share fill in the blank 6fa551f3b015fdf_5 fill in the blank 6fa551f3b015fdf_6 Remainder shared fill in the blank 6fa551f3b015fdf_7 fill in the blank 6fa551f3b015fdf_8 Total $fill in the blank 6fa551f3b015fdf_9 $fill in the blank 6fa551f3b015fdf_10 Question Content Area 2. For 1(a), compute the dividend yield on the preferred stock and the common stock. Dividend yield Preferred stock fill in the blank 289679f92021fd7_1 % Common stock fill in the blank 289679f92021fd7_2 %