Cash Dividends

Kerry Company has 1,150 shares of $100 par value, 11% preferred stock and 11,900 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2012. Since 2012, Kerry has declared and paid dividends as follows:

2013	$ 0
2014	13,950
2015	26,500
2016	31,900

Required:

1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2014 to 2016. If an amount is zero, enter "0".

Year	Preferred Dividends	Common Dividends
2014	$fill in the blank 1	$fill in the blank 2
2015	$fill in the blank 3	$fill in the blank 4
2016	$fill in the blank 5	$fill in the blank 6

2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year?

Year	Preferred Dividends	Common Dividends
2014	$fill in the blank 7	$fill in the blank 8
2015	$fill in the blank 9	$fill in the blank 10
2016	$fill in the blank 11	$fill in the blank 12