Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock 65,800 shares Preferred Stock 5,300 shares 360 par, $3 dividend The amount available for dividends this year is $65,966. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places. Nguyen Company Dividend Allocation Tutal amount available for dividends Dividends to preferred stock 5,100 shares Amount available for common stock Dividends per share Preferred stock Common stock Situation 2 Bell Company has the following stock outstanding: Common Stock 65,000 shares Preferred Stock Cumulative: 2,100 shares 150 par 12 dividend Noncumulative 3,000 shares $50 par, $2 dividend No dividends were declared in year 1 of operation. In year 2, there is $44,010 available for dividends. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places. Bell Company Dividend Allocation Total amount avalable for dividends Dividends to preferred stock Cumulative From prior year 2,100 shares Current year 2,100 shares Total cumulative preferred stock dividends Cument year 3,000 shares Total preferred stock dividends Amount available for common stock Dividends per shere Preferred cumulative Preferred native Common stock: QQ 00000