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2022 2024 2023 Year During 2022, its first year of operations, Natty Greene's Corporation issued 500,000 shares of $2 par value common stock and 40,000
2022 2024 2023 Year During 2022, its first year of operations, Natty Greene's Corporation issued 500,000 shares of $2 par value common stock and 40,000 shares of $4 par value preferred stock. No other additional shares h issued since. The Corporation declared the following dividends during each respective year: 2022: $10,000 2023: $15,000 2024: $20,000 Instructions: Answer the following questions related to dividend allocation. A. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. Your answers must include a $ and comma to receive credit. Year 2022 2023 2024 Preferred b. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and not cumulative. Your answers must include a $ and comma to receive credit. Common Preferred Total Common Total
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