Preferred and Common Stock Dividends

Fancher Company 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 $3,750 to preferred stockholders. On January 1, 2013, Fancher's preferred dividends were 1 year in arrears, which means that Fancher declared neither preferred nor common dividends in 2012. During the 3 years (20132015), Fancher's board of directors determined they would be able to pay $5,000, $7,000, and $11,600, respectively.

Required:

Show how these anticipated payments will be split between preferred and common stockholders. If an amount is zero, enter "0".

	Amount	Dividends	Dividends	Remaining
Year	Available	to Preferred	to Common	in Arrears
	for Dividends
2012	$	$	$	$
2013	$	$	$	$
2014	$	$	$	$
2015	$	$	$	$