Keener Company has had 1,000 shares of 9%, $100 par preferred stock and 40,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $7,700, $34,900, and $36,600 for each year, respectively.

Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0".

Question Content Area

1. Preferred stock is nonparticipating and noncumulative.

2. Preferred stock is nonparticipating and cumulative.

3. Preferred stock is fully participating and cumulative.