.

Garnet

Garnet declares cash dividends of $ 25 comma 000

$25,000 for 2016

2016. How much of the dividends goes to preferredstockholders? How much goes to commonstockholders?

2.

Assume the preferred stock is cumulative and Garnet

Garnet passed the preferred dividend in 2014

2014 and 2015

2015. In 2016

2016, the company declares cash dividends of $ 40 comma 000

$40,000. How much of the dividend goes to preferredstockholders? How much goes to commonstockholders?

3.

Assume the preferred stock is noncumulative and Garnet

Garnet passed the preferred dividend in 2014

2014 and 2015

2015. In 2016

2016, the company declares cash dividends of $ 40 comma 000

$40,000. How much of the dividend goes to preferredstockholders? How much goes to commonstockholders?

Requirement 1. Garnet

Garnet declares cash dividends of $ 25 comma 000

$25,000 for 2016

2016. How much of the dividends goes to preferredstockholders? How much goes to commonstockholders? (Complete all input boxes. Enter"0" for any zeroamounts.)

Garnet

Garnet's dividend would be divided between preferred and common stockholders in thismanner:

Total Dividend

Dividend to preferred stockholders:

Dividend in arrears

Current year dividend

Total dividend to preferred stockholders

Dividend to common stockholders