Preferred Stock—6%, $15 Par Value; 7,500 shares authorized, 6,000 shares issued

and outstanding

Common Stock—$0.35 Par Value; 2,000,000 shares authorized, 1,300,000 shares

issued and outstanding

Requirements

1.	Golden declares cash dividends of $25,000 for 2016. How much of the dividends goes to preferredstockholders? How much goes to common stockholders?
2.	Assume the preferred stock is cumulative and Golden passed the preferred dividend in 2014 and 2015. In 2016, the company declares cash dividends of $46,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders?
3.	Assume the preferred stock is noncumulative and Golden passed the preferred dividend in 2014 and 2015. In 2016, the company declares cash dividends of $30,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders?

Golden's dividend would be divided between preferred and common stockholders in this manner:

Total Dividend
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend
Total dividend to preferred stockholders
Dividend to common stockholders

Requirement 2. Assume the preferred stock is cumulative and Golden

passed the preferred dividend in 2014 and 2015. In 2016, the company declares cash dividends of $30,000.

How much of the dividend goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.)

Golden's dividend would be divided between preferred and common stockholders in this manner:

Total Dividend
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend
Total dividend to preferred stockholders
Dividend to common stockholders

Requirement 3. Assume the preferred stock is noncumulative and

Golden passed the preferred dividend in 2014 and 2015.In 2016, the company declares cash dividends of $30,000.

How much of the dividend goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.)

Golden's dividend would be divided between preferred and common stockholders in this manner:

Total Dividend
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend
Total dividend to preferred stockholders
Dividend to common stockholders