The outstanding share capital of Blue Spruce Corporation consists of 3,000 shares of preferred and 6,900 common shares for which $269,100 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value.

Part 1

Assuming that the company has retained earnings of $80,000 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

Part 2

Assuming that the company has retained earnings of $80,000 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

Part 3

Assuming that the company has retained earnings of $80,000 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