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Exercise 14-02 a-c (Part Level Submission) 2019 2020 2021 Total dividend $4,350 $13,900 $28,000 Allocation to preferred stock 4,350 11,250 1 7,800 Remainder to common

Exercise 14-02 a-c (Part Level Submission) 2019 2020 2021 Total dividend $4,350 $13,900 $28,000 Allocation to preferred stock 4,350 11,250 1 7,800 Remainder to common stock $0 $2,650 $20,200 1Dividends in arrears for Year 1, $3,450 + current dividend for Year 2, $7,800 = $11,250

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