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12. Hilu Corporation had the following shares of stock outstanding on December 31, 2018: Common stock, $10 par value, 200,000 shares outstanding Preferred stock, 10%,
12. Hilu Corporation had the following shares of stock outstanding on December 31, 2018:
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Common stock, $10 par value, 200,000 shares outstanding
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Preferred stock, 10%, $100 par value, cumulative, 5,000 shares outstanding
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Dividends were in arrears for 2016 and 2017. On December 31, 2018, total cash dividends of
$400,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are: $_______________ and $_______________
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