QUESTION 1 A company had the following stock outstanding: 2,500 shares of 10%, $100 par Cumulative Preferred Stock; and $50,000 shares of $10 par Common Stock The company distributed dividends as follows: Year 1 -- 10,000; Year 2 -- $25000; Year 3 -- $60,000. How much would the P/S and C/S receive in each of the years? Year Total Dividends Preferred Stock Dividend Common Stock Dividend $10,000 2 $25,000 $60,000 QUESTION 2 A company had the following stock outstanding: 2,500 shares of 10%, $100 par Non-Cumulative Preferred Stock; and $50,000 shares of $10 par Common Stock. The company distributed dividends as follows: Year 1 -- 10,000; Year 2 -- $25000; Year 3 -- $60,000. How much would the P/S and C/S receive in each of the years? Year Total Dividends Preferred Stock Dividend Common Stock Dividend $10,000 2 $25,000 3 $60,000