1. Cheyenne Corp. had $120,000 of 8%, $20 par value preferred stock and 15,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios.

1. Assuming that total dividends declared in 2018 were $70,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders Dividends Preferred Shareholders Dividends
2. Assuming that total dividends declared in 2018 were $70,000, and that the preferred stock is cumulative and is not participating. Common Shareholders Dividends Preferred Shareholders Dividends
3. Assuming that total dividends declared in 2018 were $70,000, and that the preferred stock is not cumulative and is fully participating. Common Shareholders Dividends Preferred Shareholders Dividends

d. Assuming that total dividends declared in 2018 were $70,000, and that the preferred stock is cumulative and is fully participating. Common Shareholders Dividends Preferred Shareholders Dividends