QUESTION 13 Common Stock and Preferred Stock Dividends The December 15, 20Y3 Stockholder's Equity section of Simpson Company's Balance Sheet is as follows: $4,000,000 12,000,000 Common Stock ($1 par value: 20,000,000 shares authorized: 4.000.000 shares issued and outstanding) 7% Cumulative Preferred Stock ($30 par value: 1,000,000 shares authorized 400,000 shares issued and outstanding) Paid-in Capital in Excess of Par - Common Stock Retained Earnings Total Stockholders' Equity 17.000.000 35.000.000 $68,000,000 On that date, Simpson declared a total $1.500.000 dividend to shareholders of record on December 31, 2013, to be paid on January 5, 2014 QUESTION 1: Determine how much of the total dividend belongs to each type of shareholder, assuming all prior year preferred dividends have been declared and paid. Round your answer to the nearest whole dollar Include appropriate commas and no dollar signs (e.g. 1.000) Common Stock Shareholders Preferred Stock Shareholders QUESTION 2: If Simpson did not declare dividends in 2012. determine how much of the total dividend belongs to each type of shareholder. Round your answer to the nearest whole dollar. Include appropriate commas and no dollar signs (eg. 1,000) Common Stock Shareholders On that date, Simpson declared a total $1.500.000 dividend to sharehold of record on December 31. 2073. to be paid on January 5.2014. QUESTION 1: Determine how much of the total dividend belongs to each type of shareholder, assuming all prior year preferred dividends have been declared and paid. Round your answer to the nearest whole dollar. Include appropriate commas and no dollar signs log 1.000). Common Stock Shareholders Preferred Stock Shareholders QUESTION 2 If Simpson did not declare dividends in 2012. determine how much of the total dividend belongs to each type of shareholder. Round your answer to the nearest whole dollar include appropriate commas and no dollar signs log 1.000) Common Stock Shareholders Preferred Stock Shareholders QUESTION 3 Using your answer to question 2. determine Simpson's 2074 payout ratio Simpson earned after-tax net income of $200,000 in 2014. Round your answer to the nearest two decimal points (eg. 20)