Question
1.5 pts Berkshire Hathastay issues 2,000 shares of 7%, $50 par value preferred stock at the beginning of 2020. All remaining shares are common
1.5 pts Berkshire Hathastay issues 2,000 shares of 7%, $50 par value preferred stock at the beginning of 2020. All remaining shares are common stock. The company pays the following dividends in 2020 and 2021. Year 2020 2021 Cash Dividend 5,000 22,000 Assuming the preferred stock is cumulative, how much of the $22,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021? O $22,000 to preferred stockholders and $0 to common stockholders. O $14,000 to preferred stockholders and $8,000 to common stockholders. O $7,000 to preferred stockholders and $15,000 to common stockholders. O $9,000 to preferred stockholders and $13,000 to common stockholders.
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