Dividends

Keener Company has had $700$ shares of $8\%,$ $$100$ par preferred stock and $46,000$ shares of $$5$ stated$-$value common stock outstanding for the last $3$ years. During that period, dividends paid totaled $$4,400,$ $$32,400,$ and $$33,000$ 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

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Preferred Common Total

Year $1$ $fill in the blank $680$cea$004$f$98013\_1$ $fill in the blank $680$cea$004$f$98013\_2$ $fill in the blank $680$cea$004$f$98013\_3$

Year $2$ $fill in the blank $680$cea$004$f$98013\_4$ $fill in the blank $680$cea$004$f$98013\_5$ $fill in the blank $680$cea$004$f$98013\_6$

Year $3$ $fill in the blank $680$cea$004$f$98013\_7$ $fill in the blank $680$cea$004$f$98013\_8$ $fill in the blank $680$cea$004$f$98013\_9$

Question Content Area

$2.$ Preferred stock is nonparticipating and cumulative.

Keener Company

Schedule of Dividends

blank

Preferred Common Total

Year $1$ $fill in the blank c$2886$f$06$bf$8$aff$9\_1$ $fill in the blank c$2886$f$06$bf$8$aff$9\_2$ $fill in the blank c$2886$f$06$bf$8$aff$9\_3$

Year $2$ $fill in the blank c$2886$f$06$bf$8$aff$9\_4$ $fill in the blank c$2886$f$06$bf$8$aff$9\_5$ $fill in the blank c$2886$f$06$bf$8$aff$9\_6$

Year $3$ $fill in the blank c$2886$f$06$bf$8$aff$9\_7$ $fill in the blank c$2886$f$06$bf$8$aff$9\_8$ $fill in the blank c$2886$f$06$bf$8$aff$9\_9$

Question Content Area

$3.$ Preferred stock is fully participating and cumulative.

Keener Company

Schedule of Dividends

blank

Preferred Common Total

Year $1$ $fill in the blank e$69984$f$4$f$01100$c$\_1$ $fill in the blank e$69984$f$4$f$01100$c$\_2$ $fill in the blank e$69984$f$4$f$01100$c$\_3$

Year $2$ $fill in the blank e$69984$f$4$f$01100$c$\_4$ $fill in the blank e$69984$f$4$f$01100$c$\_5$ $fill in the blank e$69984$f$4$f$01100$c$\_6$

Year $3$ $fill in the blank e$69984$f$4$f$01100$c$\_7$ $fill in the blank e$69984$f$4$f$01100$c$\_8$ $fill in the blank e$69984$f$4$f$01100$c$\_9$