Dividends Keener Company has had 700 shares of 7%, $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 $3,700, $29,400, and $29,400 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:

3. Preferred stock is fully participating and cumulative.

Keener Company
Schedule of Dividends
		Preferred		Common		Total
Year 1		$		$		$
Year 2		$		$		$
Year 3		$		$		$