1. On November 14, 2016, the company declared a cash dividend of $5,000 payable to stockholders on record at December 1, 2016, payable on January 5, 2017. At November 14, 2016 a total of 25,000 common stocks were outstanding. On December 5, 2016 they issued a total of 5,000 of common stocks. Also, there were 1,000 preferred stocks outstanding, 7%, par $100, issued at $110, cummulative. The company did not pay dividends on years 2014 nor 2015.
2. Assume the same scenario in question 2 above, and as a continuation to it, in year 2017 the company declared a total dividend of $ 25,000.
3. A company declared dividends as follows:

2020 2021 2022_

Dividends declared$10,000 $15,000 $25,000

At the time of the dividends, they have outstanding 20,000 common stocks, par $10.00, sold at $15.00. Also, 5,000 preferred stocks, 5%, $100.00 par, issued at $ 108.00.

Instructions - Calculate the amount each class of stock would receive for each independent situation for years 2020, 2021, and 2022 respectively:

a-Assume that preferred stocks are cummulative, and dividends were paid in all years.

b-Assume that preferred stocks are non-cummulative, and at 2020 there were two years in-arrears

Prepare schedule to determine the dividend that should be paid for each of the following independent transactions