The Jumping Jungle has 40,000 shares of $50 par, 2% cumulative preferred stock and 100,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Directions: Fill in the missing blanks in the table below.

	Year 1	Year 2	Year 3
Amount distributed	$15,000	$25,000	$120,000
Preferred dividend (40,000 shares)
Common dividend (100,000 shares)
Dividends per share:
Preferred stock
Common stock
(Current year preferred dividend in arrears)