Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 53,400 shares 5,200 shares $1 par value $60 par, $3 dividend The amount avaiable for dividends this year is $55,116 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 Total amount available for dividends Dividends to preferred stock: 5,200 shares Amount available for common stock Dividends per share: Preferred stock Common stock Situation 2 Bell Company has the following stock outstanding: Common Stock Preferred Stock