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  3. the sears company has equity in the form of common

The Sears Company has equity in the form of common and preferred stock. Sears has...

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Accounting

The Sears Company has equity in the form of common and preferred stock. Sears has 10,000 outstanding shares of $100 par value cumulative preferred stock with a stated dividend percentage of 5%. Sears also has 100,000 shares of common stock outstanding. The net income of Sears for the years 2013-2017 is given. For each year, find the amount of the preferred stock dividend (if any), the dividends in arrears (if any), and the earnings per common share (if any).

2013: $80,000 net income

2014: $10,000 net income

2015: $120,000 net income

2016: $0 net income

2017: $60,000 net income

YEAR Preferred Divided in current year Prefereed Divided in arrears (end of year) Earning per common share

2013 ___________________________ _______________________________ _____________________

2014 ___________________________ _______________________________ _____________________

2015 ___________________________ _______________________________ _____________________

2016 ___________________________ _______________________________ _____________________

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