FoolsGold Trust has the following classes ofstock:

Data Table

Preferred Stock3%, $13 Par Value; 9,000 shares authorized, 7,500 shares issued

and outstanding

Common Stock$0.35 Par Value; 2,300,000 shares authorized, 1,450,000 shares

issued and outstanding. Read the requirements

Requirements

1. FoolsGold declares cash dividends of $33,000 for 2018. How much of the dividends goes to preferredstockholders? How much goes to commonstockholders?
2. Assume the preferred stock is cumulative and FoolsGold passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of $48,000. How much of the dividend goes to preferredstockholders? How much goes to commonstockholders?
3. Assume the preferred stock is noncumulative and FoolsGold passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of $48,000. How much of the dividend goes to preferredstockholders? How much goes to commonstockholders?