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#3 (20 points) On January 1, 2018, a corporation issued 20,000 shares of 10%, $50 par, cumulative preferred stock and 50,000 shares of $25 par

#3 (20 points) On January 1, 2018, a corporation issued 20,000 shares of 10%, $50 par, cumulative preferred stock and 50,000 shares of $25 par common stock. Cash dividends declared by the board were as follows. Determine the amount of total dividends and dividends per share for preferred stockholders and common stockholders. 2018 none 2019 $150,000 2020 $250,000 2021 $300,000 2022 $325,000 Year Total Preferred Per Share Preferred Total Common Per Share Common 2016 2017 2018 2019 2020

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