Kerry Company has 1,100 shares of $100 par value, 10% preferred stock and 9,700 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2012. Since 2012, Kerry has declared and paid dividends as follows: 2013 $0 2014 12,300 2015 23,800 2016 28,100 Required: 1. Determine the amount of the dividend to be allocated to preferred and common stockholders for each year 2014 to 2016. If an amount is zero, enter "0". Year 2014 2015 Preferred Dividends Common Dividends 2016 2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? Year 2014 2015 2016 Preferred Dividends Common Dividends