Dividends

Keener Company has had 800 shares of 8%, $100 par preferred stock and 44,000 shares of $5 stated value common stock outstanding for the last 3 years. During that period, dividends paid totaled $5,400, $31,000, and $35,400 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: If an amount is zero, enter "0".

1. Preferred stock is nonparticipating and noncumulative.

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

2. Preferred stock is nonparticipating and cumulative.

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

3. Preferred stock is fully participating and cumulative.

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