ExerciSefeferred stock$-$calculate dividend amounts Calculate the annual cash dividends required to be paid for

$8\mathrm{.}13$ each of the following preferred stock issues:

LO $8-2$

Required:

a$.$ $$2\mathrm{.}25$ cumulative preferred, no par value; $600,000$ shares authorized, $525,000$ shares issued. $($The

treasury stock caption of the stockholders' equity section of the balance sheet indicates that $70,500$ shares

of this preferred stock issue 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.