21.

On January 1, 2021, the board of directors of Goby Inc. declared a $650,000 dividend. The following data is from the balance sheet of Goby on that date:

Common stock	$	600,000
Paid-in capitalexcess of par		400,000
Retained earnings		500,000
Paid-in capitalshare repurchase		60,000

How much is the liquidating dividend?

22.

The shareholders' equity of Red Corporation includes $260,000 of $1 par common stock and $460,000 par of 6% cumulative preferred stock. The board of directors of Red declared cash dividends of $56,000 in 2021 after paying $26,000 cash dividends in 2020 and $46,000 in 2019. What is the amount of dividends common shareholders will receive in 2021?

23.Pug Corporation has 14,000 shares of $10 par common stock outstanding and 24,000 shares of $100 par, 6% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $210,000 dividend will be paid. What are the dividends per share for preferred and common, respectively?