Andrews company has $80,000 available to pay dividends. It has shares 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. 1. Determine the amount of dividends to be paid to each class of shareholders for each of the following independent assumptions. If am amount box required no entry leave it blank.

a. preferred stock is non participating and noncumulative.

b. preferred stock is non participating and cumulative. preferred dividends are 2 years in arrears at the beginning of the year.

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

please note the red x's are the incorrect part I have and the green check is correct.

eant cengeg 1. Determine the smount of dividends to be paid to each class of sharehoider for esch of followre mependent assumptions. If anmount bex required no entry, leave t blank a Preferred stock is nonprtiopating and noncumulstiwe. Andrews Company Schadule of dividends to be paid Preferred Preferred dividend s Remainder Total 60000 20000 Hide Feedback Check My Work Eeedback Holders of preferred stock have preference as to dividends because a corporatio common shareholiders, aven that most preferred stock s sued with a er vake prelerred avidend may be expressed s a pet f tht ar wa pay any applicable dividends to preferred shareholders before a dividend may be r b. Preferred stock is norparticipating and cumulative. Preferred dvidends are 2 year at the begining of the year. Andrews Company