Dividends

Keener Company has had 1,300 shares of 8%, $100 par preferred stock and 34,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $9,300, $32,000, and $34,800 for each year, respectively.

Required:

Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0".

Question Content Area

1. Preferred stock is nonparticipating and noncumulative.

Keener Company Schedule of Dividends blank

	Preferred	Common	Total
Year 1
Year 2
Year 3

Question Content Area

2. Preferred stock is nonparticipating and cumulative.

Keener Company Schedule of Dividends blank

	Preferred	Common	Total
Year 1
Year 2
Year 3

Question Content Area

3. Preferred stock is fully participating and cumulative.

Keener Company Schedule of Dividends blank

	Preferred	Common	Total
Year 1
Year 2
Year 3