SuperbSuperb

Manufacturing, Inc., reported the following at December 31,2016, and December 31,2017:

Stockholders' Equity
	Preferred stock, cumulative, $1.00 par, 5%, 75,000 shares issued	$75,000
	Common stock, $0.25 par, 9,050,000 shares issued	2,262,500

Superb

SuperbManufacturing has paid all preferred dividends only through

2013.

Requirement

1.	Compute the total amounts of dividends to both preferred and common for 2016 and 2017 if total dividends are $100,000 in 2016 and $300,000 in 2017.

Begin with 2016. Compute the total amounts of dividends to both preferred and common for 2016 if total dividends are $100,000.

Class of Stock	2016 Dividends
Preferred
Common
Total