On December 31, 2013. Pink Pinky declared and paid $400,000 of dividends. No dividends were declared in 2004 and 2003. Preferred Stock: 20,000, Par Value $9.00, 8%. Common Stock: 300,000, $3.00 Par Value. Prepared a schedules to distribute dividend assuming the following: P/S i. (non cumulative and non participating, ii. (cumulative and non participating and iii. (cumulative and participating).

calculate dividends for both years non cummulative and non participating

also calculate for cummulative and non participating