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show work for all every number! please explain why common is 0 for the first year!!!!! E 15.23 (LO 5) (Preferred Stock Dividends) Cajun Company

show work for all every number! please explain why common is 0 for the first year!!!!! image text in transcribed
E 15.23 (LO 5) (Preferred Stock Dividends) Cajun Company has outstanding 2,500 shares of $100 par, 6% preferred stock and 15,000 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Instructions Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per share amounts using the format shown below. Assumptions (b) Preferred, Noncumulative, Preferred. Cumulative, and Nonparticipating and Fully Participating Paid-Out Preferred Common Preferred Common 2018 $13,000 2019 $26,000 2020 $57,000 2021 $76,000 Year

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