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* E15.23 (LO 5) (Preferred Stock Dividends) Cajun Company has outstanding 2,500 shares of $100 par, 6% preferred stock and 15,000 shares of $10 par
* E15.23 (LO 5) (Preferred Stock Dividends) Cajun Company has outstanding 2,500 shares of $100 par, 6% 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. Instructions 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. Assumptions (a) (b) Preferred, Noncumulative, and Nonparticipating Preferred, Cumulative, and Fully Participating Year Paid-Out Preferred Common Preferred Common 2018 $13,000 2019 $26,000 2020 $57,000 $76,000 2021
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