Huron Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022: 

Huron Manufacturing has paid all preferred dividends only through 2018. 

Requirement

1. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022 if total dividends are $40,000 in 2021 and $120,000 in 2022.

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A1 Stockholders' Equity 2 Preferred stock, cumulative, $3.00 par, 4%, 55,000 shares issued Common stock, $0.35 par, 9,170,000 shares issued 1234 $ 165,000 3,209,500