E15-23B (Preferred Stock Dividends) United Mobile Company has outstanding 20,000 shares of $100 par, 8% preferred stock and 250,000 shares of $1 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Assumpt

E15-23B (Preferred Stock Dividends) United Mobile Company has outstanding 20,000 shares of $100 par, 8% preferred stock and 250,000 shares of $1 par value common. The following schedule shows the amount of dividends paid out over the last 4 years.

                                                   Assumptions                                  

                                (a)                                                (b)

            Preferred, noncumulative,              Preferred, cumulative,

            and nonparticipating                         and fully participating

 Year   Paid-out      Preferred    Common    Preferred

Common                                                                                               

2011 $100,000

2012   150,000

2013   235,000

2014   635,000

Instructions

Allocate the dividends to each type of stoc