Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:

Required:

1. $2.90 cumulative preferred, no par value; 220,000 shares authorized, 126,000 shares issued. The treasury stock caption of the stockholders' equity section of the balance sheet indicates that 40,832 shares of this preferred stock issue are owned by the Note: Round your answer to 2 decimal places.
2. 4%, $40 par value preferred, 222,000 shares authorized, 175,000 shares issued, and 73,161 shares outstanding Note: Round your answer to 2 decimal places.
3. 11.8% cumulative preferred, $100 stated value, $104 liquidating value; 89,000 shares authorized, 43,000 shares issued, 31,000

shares outsranding.

1. Annual dividends
2. Annual dividends
3. Annual dividends

Calculate the annual cash dividends required to be paid for each of the following preferred stock issues Required: a. $290 cumulative preferted, no par value; 220,000 shares authorized, 126,000 shares issued. (The treasury stock caption of the stockholders' equity section of the balance sheet indicates that 40,832 shares of this preferred stock issue are owned by the company) Note: Round your answer to 2 decimal places. b. 4%,$40 par value preferred, 222,000 shares authorized, 175,000 shares issued, and 73,161 shares outstanding Note: Round your onswer to 2 decimal places. c. 11.8% cumulative preferred, $100 stated value, $104 tiquidating value: 89,000 shares authorized, 43,000 shares issued, 31,000 shares outstanding