Dividends Keener Company has

Dividends

Keener Company has had 900 shares of 7%, \$100 par preferred stock and 42,000 shares of \$5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled \$4,800, \$28,500, and \$31,500 for each year, respectively.

Required:

Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions:
If an amount is zero, enter “0”.

1. Preferred stock is nonparticipating and noncumulative.
 Keener Company Schedule of Dividends Preferred Common Total Year 1 \$fill in the blank c9a8a8fe401df85_1 \$fill in the blank c9a8a8fe401df85_2 \$fill in the blank c9a8a8fe401df85_3 Year 2 \$fill in the blank c9a8a8fe401df85_4 \$fill in the blank c9a8a8fe401df85_5 \$fill in the blank c9a8a8fe401df85_6 Year 3 \$fill in the blank c9a8a8fe401df85_7 \$fill in the blank c9a8a8fe401df85_8 \$fill in the blank c9a8a8fe401df85_9
2. Preferred stock is nonparticipating and cumulative.
 Keener Company Schedule of Dividends Preferred Common Total Year 1 \$fill in the blank 0d6e0401af81fdd_1 \$fill in the blank 0d6e0401af81fdd_2 \$fill in the blank 0d6e0401af81fdd_3 Year 2 \$fill in the blank 0d6e0401af81fdd_4 \$fill in the blank 0d6e0401af81fdd_5 \$fill in the blank 0d6e0401af81fdd_6 Year 3 \$fill in the blank 0d6e0401af81fdd_7 \$fill in the blank 0d6e0401af81fdd_8 \$fill in the blank 0d6e0401af81fdd_9
3. Preferred stock is fully participating and cumulative.
 Keener Company Schedule of Dividends Preferred Common Total Year 1 \$fill in the blank 0a276cfebfaffc1_1 \$fill in the blank 0a276cfebfaffc1_2 \$fill in the blank 0a276cfebfaffc1_3 Year 2 \$fill in the blank 0a276cfebfaffc1_4 \$fill in the blank 0a276cfebfaffc1_5 \$fill in the blank 0a276cfebfaffc1_6 Year 3 \$fill in the blank 0a276cfebfaffc1_7 \$fill in the blank 0a276cfebfaffc1_8 \$fill in the blank 0a276cfebfaffc1_9

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