Dividends

Keener Company has had 1,400 shares of 6%, $100 par preferred stock and 32,000 shares of $5 stated value common stock outstanding for the last 3 years. During that period, dividends paid totaled $6,900, $26,400, and $27,600 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 assumption

the numbers with the red x next to them mean they are not the correct answers . please show your calculations

3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1S 6900 0 6900 Year 2$ 16500S 9900 26400 Year 3S 8400 19200s 27600