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Delafield Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to

Delafield Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to pay an annual dividend of $15,000 to preferred stockholders. On January 1, 2023, Delafields preferred dividends were 1 year in arrears. During the 3 years (20232025), Delafields board of directors determined they would be able to pay $21,000, $27,000, and $25,000, respectively.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below.

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Show how these anticipated payments will be split between preferred and common stockholders. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0".

Year Amount Available for Dividends Dividends to Preferred Dividends to Common Remaining in Arrears
2022 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 $fill in the blank 5
2023 fill in the blank 6 fill in the blank 7 fill in the blank 8 fill in the blank 9
2024 fill in the blank 10 fill in the blank 11 fill in the blank 12 fill in the blank 13
2025 fill in the blank 14 fill in the blank 15 fill in the blank 16 fill in the blank 17

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