Calculator Cash Dividends C. Kerry Company has 1,100 shares of $100 par value, 10% preferred stock and 11,200 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2013. Since 2013, Kerry has declared and paid dividends as follows: $0 2014 2015 2016 12,600 24,300 30,100 2017 Required: 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2015 to 2017. If an amount is zero, entero Year Preferred Dividends Common Dividends 2015 0 2016 2017 11,000 2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? Preferred Dividends Common Dividends Year 2015 11,000 1,600 13,300 2016 11,000 2017 11,000 Previous Next > All work saved. Email instructor Save and Ex Submit Assignment for Grading