Exercise 8-14 (Algo) Preferred stock-calculate dividend amounts LO 8-2 Calculate the cash dividends required to be pald for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred, $44 par value, 12,900 shares autharized, issued. b. The annual dividend on $2.75 cumulative preferred, 70,000 shares authorized, 42.000 shares issued. and outstanding. 37,100 shares outstanding. Last year's dividend has not been paid. c. The quarterly dividend on 12.0% cumulative preferred, $70 stated value, $106 liquidating value. 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears