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Question 3: Fulton Company has outstanding 2,500 shares of $100 par, 7% preferred stock and 15,000 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Assumption Preferred, Noncumulative, Preferred, Cumulative, and Nonparticipating and Fully Participating Year Paid-out Preferred Common Preferred Common 2016 $14,000 2017 $25,000 2018 $55,000 2019 $75,000 Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per share amounts using the format shown below. [5 Marks)