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Fusion Corporation has 3,000 shares of 8%, value $100 par preferred stock outstanding at December 31, 2014 At December 31, 2014, the company declared a

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Fusion Corporation has 3,000 shares of 8%, value $100 par preferred stock outstanding at December 31, 2014 At December 31, 2014, the company declared a $105,000 cash dividend. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios. The preferred stock is noncumulative, and the company has not missed any dividends in previous years. The dividend paid to preferred stockholders $ ________ The dividend paid to common stockholders The preferred stock is noncumulative and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders $ __________ The dividend paid to common stockholders $ __________ The preferred stock is cumulative, and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders $ __________ The dividend paid to common stockholders $ ________

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