Preferred and Common Stock Dividends

Delafield Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to pay an annual dividend of $13,000 to preferred stockholders. On January 1, 2023, Delafields preferred dividends were 1 year in arrears. During the 3 years (20232025), Delafields board of directors determined they would be able to pay $20,000, $22,000, and $26,000, respectively.

Required:

Show how these anticipated payments will be split between preferred and common stockholders. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0".

Year	Amount Available for Dividends	Dividends to Preferred	Dividends to Common	Remaining in Arrears
2022
2023
2024
2025