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dividends problem. thanks. Dividends Keener Company has had 1,300 shares of 7%, $100 par preferred stock and 34,000 shares of $5 stated-value common stock outstanding

dividends problem. thanks.

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Dividends Keener Company has had 1,300 shares of 7%, $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 $7,700, $25,400, 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". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $ 7,700 0 $ 7,700 Year 2 10,400 X 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 $ D Year 2 $ Year 3 $ $

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