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Preferred Stock Dividends with Dividends in Arrears The Ferris Corporation has 2,000 shares of $100, 8 percent cumulative preferred stock outstanding and 40,000 shares of
Preferred Stock Dividends with Dividends in Arrears The Ferris Corporation has 2,000 shares of $100, 8 percent cumulative preferred stock outstanding and 40,000 shares of si par value common stock outstanding. In the company's first three years of operation, its board of directors paid cash dividends as follows: 2013, none; 2014, $43,000; and 2015, $80,000. Determine the total cash dividends and dividends per share paid to the preferred and common stockholders during each of the three years. If required, round your answers to the nearest cent. If an amount is zero, enter "o". Preferred Stock Dividends Per Share Common Stock Dividends Per Share Total Dividends Allocated 2013 2014 2015
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