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Wildhorse Company has outstanding 2,600 shares of $100 par, 8% preferred stock and 16,000 shares of $10 par value common. The following schedule shows the
Wildhorse Company has outstanding 2,600 shares of $100 par, 8% preferred stock and 16,000 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 2 decimal places, e.g. $6.85.) Assumptions Preferred, noncumulative, and nonparticipating Preferred, cumulative, and fully participating Common Year Paid-out Preferred 2015 $12,800 2016 $30,300 2017 $58,300 2018 $80,200 Common Preferred
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