Exercise 15-23 Shamrock Company has outstanding 2,400 shares of $100 par, 7% preferred stock and 13,600 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years.

Exercise 15-23 Shamrock Company has outstanding 2,400 shares of $100 par, 7% preferred stock and 13,600 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. 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. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 2 decimal places, e.g. $6.85.) Assumptions a Preferred, noncumulative, and nonparticipating Preferred Common (b) Preferred, cumulative, and fully participating Year Paid- Preferred Common | | " rear out - 2018 $13,000 $ 2019 $27,300 2020 $60,500 2021 $69,700 4 4 " " " Click if you would like to Show Work for this question: Open Show Work