The outstanding share capital of Ayayai Corporation consists of 2,600 shares of preferred and 6,800 common shares for which $ 244,800 was received. The preferred shares carry a dividend of $ 5 per share and have a $ 100 stated value.

Assuming that the company has retained earnings of $ 55,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are non-cumulative and non-participating.

		Preferred		Common		Total
Dividends		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount

Assuming that the company has retained earnings of $ 55,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and non-participating.

		Preferred		Common		Total
Dividends		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount

Assuming that the company has retained earnings of $ 55,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and participating. (Round answers to 0 decimal places, e.g. 5,275.)

		Preferred		Common		Total
Dividends		$ enter a dollar amount rounded to 0 decimal places		$ enter a dollar amount rounded to 0 decimal places		$ enter a dollar amount rounded to 0 decimal places

Assume that Ayayais current year net income was $ 92,000. Calculate the current year payout ratio under each of the conditions below. (Round answers to 2 decimal places, e.g. 52.75.)

				Payout Ratio
(a)		The preferred shares are non-cumulative and non-participating.		enter payout ratio rounded to 2 decimal places
(b)		The preferred shares are cumulative and non-participating.		enter payout ratio rounded to 2 decimal places
(c)		The preferred shares are cumulative and participating.		enter payout ratio rounded to 2 decimal places