The following information was extracted from the financial records of Maverick Corporation. Preferred stock: 15,000 shares outstanding, 10 percent, $50 par value Common stock: 50,000 shares outstanding, $15 par value Maverick began operations on January 1, 1991. The company has paid the following amounts in cash dividends over the past 7 years. 1991 $ 65,000 1992 100,000 1993 70,000 1994 50,000 1995 125,000 1996 110,000 1997 99,000 REQUIRED: Prepare a sheet to contain the following schedule. Year Total Dividends Dividends Dividend Dividend Dividends to to per Share per Share Declared Preferred Common (Preferred) (Common)

a. Complete this schedule for each year from 1991 through 1997, assuming that the preferred stock is noncumulative and nonparticipating.

b. Complete this schedule for each year from 1991 through 1997, assuming that the preferred stock is cumulative and nonparticipating.

c. Complete this schedule for each year from 1991 through 1997, assuming that the preferred stock is cumulative and participates at the rate of 1 percent of the par value.