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22. LG Inc., has 80,000 shares of 4%,$10 par preferred stock and 120.000 shares of $10 par common stock outstanding. No dividends have been paid
22. LG Inc., has 80,000 shares of 4%,$10 par preferred stock and 120.000 shares of $10 par common stock outstanding. No dividends have been paid or declared during 2019 and 2020. As of December 31, 2021. LG distributes $270.000 in dividends. How much in dividends will the preferred and common stockholders receive in the following situation: The preferred is cumulative and fully participating (5 points)
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