Situation 2 Chiola Corporation has the following stock outstanding:

Common Stock		Preferred Stock
38,100 shares		Cumulative: 4,100 shares
$1 par value		$40 par, $2 dividend
		Noncumulative: 4,600 shares
		$40 par, $2 dividend

No dividends were declared in year 1 of operation. In year 2, there is $53,413 available for dividends. Prepare the dividend allocation between the preferred and common shares. Round per share amounts to two decimal places.

blank Chiola Corporation Dividend Allocation

Total amount available for dividends			$fill in the blank f7b0cefd005bff8_1
Dividends to preferred stock:
Cumulative:
From prior year 4,100 shares	$
Current year 4,100 shares
Total cumulative preferred stock dividends		$fill in the blank f7b0cefd005bff8_4
Noncumulative:
Current year 4,600 shares		fill in the blank f7b0cefd005bff8_5
Total preferred stock dividends			fill in the blank f7b0cefd005bff8_6
Amount available for common stock			$fill in the blank f7b0cefd005bff8_7
Dividends per share:
Preferred cumulative:			$fill in the blank f7b0cefd005bff8_8
Preferred noncumulative:			$fill in the blank f7b0cefd005bff8_9
Common stock:			$fill in the blank f7b0cefd005bff8_10