Dividends

for $$125$ per share, and the common stock is selling for $$20$ per share.

Required

a$.$ Preferred stock is nonparticipating and noncumulative.

Andrews Company

Schedule of dividends to be paid

b$.$ Preferred stock is nonparticipating and cumulative. Preferred dividends are $2$ years in arrears at the beginning of the year.

Andrews Company

Schedule of dividends to be paid

c$.$ Preferred stock is fully participating and cumulative. Preferred dividends are $1$ year in arrears at the beginning of the year.