Previous Metal Trust has the following classes of stock:

Preferred Stock7%, $15 Par Value; 6,500 shares authorized, 5,000 shares issued and outstanding

Common Stock$0.25 Par Value; 1,800,000 shares authorized, 1,300,000 shares issued and outstanding

Requirement 1.

Precious Metal

declares cash dividends of

$33,000

for

2018.

How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.)

Precious Metal's dividend would be divided between preferred and common stockholders in this manner:

Total Dividend
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend
Total dividend to preferred stockholders
Dividend to common stockholders

Requirement 2. Assume the preferred stock is cumulative and

Precious Metal passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of $44,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.)

Precious Metal's

dividend would be divided between preferred and common stockholders in this manner:

Total Dividend
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend
Total dividend to preferred stockholders
Dividend to common stockholders

Requirement 3. Assume the preferred stock is noncumulative and

Precious Metal passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of $44,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.)

Precious Metal's dividend would be divided between preferred and common stockholders in this manner:

Total Dividend
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend
Total dividend to preferred stockholders
Dividend to common stockholders