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

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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