The shareholders' equity of Davis Industries includes the data shown below. During 2019, cash dividends od $22,000 were declared

Common stock

shares authorized 15,000

shares issued&outstanding 12,000

par value $2

Preferred stock 8%

shares authorized 600

shares issued&outstanding 500

par value 100

Determine the amount of dividents payable to prefereed shareholders and to common shareholders under each of the following assumptions regarding the characteristics of the preferred stock

Assumption A - The preferred stock is noncumulative and nonparticipating

Assumption B - The preferred stock is noncumulative, nonparticipating, collable and 3 years in arrears

Assumption C - The preferred stock is cumulative, nonparticipating, and 2 years in arrears

Assumption D - The preferred stock is noncumulative, participating up to and additional 5% and 2 years in arrears

Assumption E - The preferred stock is noncumulative, fully participating and 1 year in arrears

Assumption F - The preferred stock is cumulative, participating up to an additional 10% and 3 years in arrears

assumption

Preffered Common

Arrears

Current

Participating

Total