Durant Corporation has $$24,000$ in eamings to distribute to the following stock

$$100$ par, $6\%$ preferred stock $(4,000$ shares$)$

$$1$ par common stock $(75,000$ shares$)$

Allocate dividends to the classes of stock under each of the following independent scenarios:

a: The preferred stock is cumulative and there are three years in arrears $($account balances have

C$.$

d$.$

e$.$

not changed$)$:

The preferred stock is neither cumulative nor participating;

The preferred stock is fully participating;

The preferred stock participates up to a total rate of $8\%$;

The preferred stock is fully participating after a dividend of $10\%$ is allocated to the common shares.