Part I A portion of the Stockholders Equity section of Hatten Corporations balance sheet as of December 31, 2016, appears below. Dividends have not been paid for the years 2014 and 2015. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Hatten Corporation declares a dividend of $26,250 after completing operations for the year 2016. Stockholders Equity Preferred Stock (9% cumulative, $50 par value, 2,000 shares authorized) At Par Value (1,600 shares issued) $ 80,000 Common Stock (no-par value, with stated value of $25, 20,000 shares authorized) At Stated Value (15,000 shares issued) 375,000

Use the information given in Part I to solve this part of the problem. Assume that the board of directors of Hatten Corporation has declared a dividend of $114,600 instead of $26,250 after operations for 2016 are completed. *****PLEASE SHOW ALL WORK FOR EACH PART***** 1. Compute the amount of the dividend distributed to preferred stockholders in 2014, 2015 & 2016.

2. Compute the amount of the dividend to be paid on each share of preferred stock. (Round your "per share" value to 2 decimal places.)

3. Compute the total amount of the dividend available to be distributed to common stockholders.

4. Compute the amount of the dividend to be paid on each share of common stock. (Round your "per share" value to 2 decimal places.)

5. Compute the amount of dividends in arrears (if any) that preferred stockholders may expect from future declarations of dividends.