Question

John Dear Co. is a heavy equipment and lawn care productsmanufacturer located in Illinois. John Dear is publicly owned, andhas declared the following dividends over a six year period:

20X1, $ 760,000; 20X2, $ 1,250,000; 20X3, $ 0; 20X4, $ 3,020,000;20X5, $ 120,000; and 20X6, $ 1,000,000. During the entire period,the outstanding stock of the company was composed of 600,000 sharesof cumulative, nonparticipating 2%, $20 Par Preferred stock and2,000,000 shares of common stock, $ 5 par.

Calculate the total dividends and the per-share dividends declaredon each class of stock for each of the six years. There were nodividends in arrears on Jan. 1, 20X1.

Round to the nearest cent.

Preferred Dividends Common Dividends

Year. Total Dividends. Total. Per Share. Arrears. Total. PerShare.


20X1

20X2

20X3

20X4

20X5

20X6