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$1,850,000 Stockholders' equity: Preferred stock, 9cumulative, 550 por, 37,000 shares authorised, issued, and outstanding Preferred stock, 125 nancumulative, 5100 par, 6,900 shares authorized, issued, and

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$1,850,000 Stockholders' equity: Preferred stock, 9cumulative, 550 por, 37,000 shares authorised, issued, and outstanding Preferred stock, 125 nancumulative, 5100 par, 6,900 shares authorized, issued, and outstanding Common stock, 55 par, 310,000 shares authorized, issued, and outstanding Total pald-in Capital 690,000 1.550,000 $4,690,000 9 Assume that all the stock was issued on January 1 Year 1 and that no dividends were paid during the first two years of operation During the third year, Walland Corporation paid total cash dividends of S736.000 a. Compute the amount of cash dividends paid during the third year to each of the three classes of stock b. Compute the dividends paid per share during the third year for each of the three classes of stock. (Round your answers to 2 decimal places.) c. What was the average issue price of each type of preferred stock? a Cumulative preferred stock Noncumulative preferred stock Common stock b. Cumulative preferred stock NonCumulative preferred shock Common stock Cumulative preferred stock Nondumulative preferred stock per share per share per share per share per share

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