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22. Hollywood Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were
22. Hollywood Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $10.000 45,000 90.000 Determine the dividends per share for preferred and common stock for all the three years using the table below (hint: refer to example exercise from chapter 13 slides part I) Year 1 Year 2 Year 3 Amount distributed Preferred dividend common dividend Dividends per share: Preferred stock Common stock
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