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, $15 par value Maverick began operations on January 1, 2012. The company has paid the following amounts in cash dividends over the past seven years:
2012 .................................$ 65,000
2013 ..................................100,000
2014 ....................................70,000
2015 ....................................50,000
2016 .................................125,000
2017 .................................110,000
2018 ...................................99,000

REQUIRED:
Prepare a sheet to contain the following schedule:a. Complete this schedule for each year from 2012 through 2018, assuming that the preferred stock is noncumulative and nonparticipating.
b. Complete this schedule for each year from 2012 through 2018, assuming that the preferred stock is cumulative and nonparticipating.

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Dividend per Total Dividends Declared Dividends to Dividends to Common Dividend Share (Common) per Share (Preferred) Year Preferred