Cash Dividends Kerry Company has 850 shares of $100 par value, 10% 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 2014 2015 2016 $ 0 10,000 19,700 24,600 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 0 2015 2016 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 2015 2016 $ Dividends for Preferred and Common Stock The Stockholders' Equity category of Greenbaum Company's balance sheet as of December 31, 2016, appeared as follows: $300,000 Preferred stock, $100 par, 7% 3,000 shares issued and outstanding Common stock, $10 par 60,000 shares issued and outstanding Additional paid-in capital Total contributed capital Retained earnings Total stockholders' equity 600,000 750,000 $1,650,000 1,350,000 $3,000,000 The notes to the financial statements indicate that dividends were not declared or paid for 2014 or 2015. Greenbaum wants to declare a dividend of $228,000 for 2016. Required: Determine the total and the per-share amounts that should be declared to the preferred and common stockholders under the following assumptions: 1. The preferred stock is noncumulative, nonparticipating. 2. The preferred stock is cumulative, nonparticipating. Round per share amounts to the nearest cent. Total Preferred Dividends Per Share Amount Total Common Dividends Per Share Amount 1. 2