Cash Dividends Kerry Company has 900 shares of $100 par value, 10% preferred stock and 9,700 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: 2014 2015 2016 2017 Required: 50 10,700 19,900 24,000 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, enter "0". Year Preferred Dividends 2015 2016 2017 Common Dividends 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 2015 2016 2017