Cash Dividends Kerry Company has 1,350 shares of $100 par value, 8% preferred stock and 11,700 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2010. Since 2010, Kerry has declared and paid dividends as follows: 2011 2012 2013 2014 Required: 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2012 to 2014. If an amount is zero, enter "O Year 2012 2013 2014 2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? Year 2012 2013 2014 $ 0 11,400 23,500 27,900 Preferred Dividends Common Dividends Preferred Dividends Common Dividends