Jamail Company has outstanding 2,500 shares of $100 par, 6% preferred stock and 15,000 shares of $10 par value common. The schedule below shows the amount of dividends paid out over the last 4 years.

Required:

Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers using the format shown below:

			Assumptions
Year	Paid-out		(a) Preferred, noncumulative, and nonparticipating Preferred Common	(b) Preferred, cumulative, and fully participating Preferred Common
20X1	$12,000
20X2	$26,000
20X3	$52,000
20X4	$76,000