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Oriole Company has outstanding 2,400 shares of $100 par, 8% preferred stock and 16,400 shares of $10 par value common. The following schedule shows the
Oriole Company has outstanding 2,400 shares of $100 par, 8% preferred stock and 16,400 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 2 decimal places, e.g. $6.85.) Assumptions (a) Preferred, noncumulative, and nonparticipating Preferred Common (b) Preferred, cumulative, and fully participating Preferred Common Year Paid-out 2018 $12,900 5.37 2019 $26,100 $1 10.87 $ $ $ 2020 $58,100 24 $ $ 2021 $68,500 $ $
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