Exercise $8\mathrm{.}13$ Preferred stock$$calculate dividend amounts Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:

LO $8-2$ Required: are owned by the company.$)$

b$.6\%,$$$50$ par value preferred, $300,000$ shares authorized, $255,000$ shares issued, and $206,600$ shares outstanding.

c$.8\mathrm{.}1\%$ cumulative preferred, $$100$ stated value, $$104$ liquidating value; $60,000$ shares authorized, $43,200$ shares issued, $37,600$ shares outstanding.