Dividend splitting between Preferred and Common Shares

C/S 1,000,000 shares of $2 par; APIC- C/S = $20,000,000

P/S 100,000 shares of 5%, $30 par; APIC- P/S = $5,000,000

R/E (Yr 1) = $1,600,000

R/E (Yr 2) = $1,800,000

Dividends paid for Yr 1 are $ - 0 - and dividends for Yr 2 are $ 800,000.

Determine the proper split of dividends for YR 1 and YR 2 if:

a. P/S is non-cumulative and non-participating

b. P/S is cumulative and non-participating

c. P/S is non-cumulative and participating

d. P/S is cumulative and participating