The Northwest Corporation has outstanding 20,000 shares of 9%, 75 par-value, noncumulative, nonparticipating preferred stock and 100,000 authorized common shares of which 80,000 shares of $25 par-value common stock are outstanding. The board of directors voted to distribute $75,000 as dividends in 20X1, $140,000 in 20X2, and $200,000 in 20X3. Compute the following:

1.Amount paid on each share of preferred stock in 20X1.

2.Amount paid on each share of common stock in 20X1. 3.Amount paid on each share of preferred stock in 20X2.

4.Amount paid on each share of common stock in 20X2.

5.Amount paid on each share of preferred stock in 20X3. 6.Amount paid on each share of common stock in 20X3.