E15-23B (Preferred Stock Dividends) United Mobile Company has outstanding 20000

E15-23B (Preferred Stock Dividends) United Mobile Company has outstanding 20000 shares of $100 par 8% preferred stock and 250000 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 participatingYear Paid-out Preferred Common PreferredCommon 2011 $1000002012 1500002013 2350002014 635000InstructionsAllocate the dividends to each type of stoc

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