The outstanding share capital of Marigold corporation consists of 3200 shares of preferred and 6800 common shares for which $238000 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value.

A)-Assuming that the company has retained earnings of $86000 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-participanting.

Preferred. Common. Total

1)-Dividends. $

B)- Assuming that the company has retained earnings of $86000 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-participanting.

Preferred. Common. Total

2)-Dividends. $

C)-- Assuming that the company has retained earnings of $86000 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-participanting. ( Round answers to 0 decimal places, e.g. 5,275.)

Preferred. Common. Total

3)-Dividends. $

D)- Assume that Marigold's current year net income was $90,500. Calculate the current year payout ratio under each of the collections below. ( Round answers to2 decimal places, e.g. 52.75.)

(Payout ratio)

a) The preferred shares are non- cumulative and non- participanting. $-

b) The preferred share are cumulative and non- participating. -$.

c) The preferred shares are cumulative and participating. $.