Bucktown Theatre, Inc. owns and operates movie theatres. Bucktown has declared the following dividends as
listed below. During the entire period ended December 31 of each year, the outstanding stock of the company
was composed of 250,000 shares of non-cumulative 2% preferred stock, $20 par and 500,000 shares
of common stock, $15 par value.
Who gets paid first and what amount is the preferred shareholders entitled to each year?
			Total		Preferred Shareholders				Common Shareholders
	Year		Dividends		$		Per Share		$		Per Share
	2015		80,000
	2016		90,000
	2017		150,000
	2018		150,000
	2019		160,000
			630,000
What would the distribution of dividends be if the preferred stock was "cumulative"
			Total		Preferred Shareholders				Common Shareholders
	Year		Dividends		$		Arrears		$
	2015		80,000
	2016		90,000
	2017		150,000
	2018		150,000
	2019		160,000
			630,000