Pat Corp has 4,000 shares of $10 par common stock outstanding and 1,000 shares of $100 par 8% preferred stock outstanding. Pat expects to pay annual dividends of $7,000, $8,000, $28,000 and $48,000 for the next 4 years

Complete the forms:

Preferred stock is cumulative and non participating

Year total dividends preferred dividends common dividends

Total / per share total / per share

$7,000

$9,000

$28,000

$48,000

Preferred stock is non-cumulative and non participating

Year total dividends preferred dividends common dividends

Total / per share total / per share

$7,000

$9,000

$28,000

$48,000