34) No dividends were declared in 2020. During 2021, the total dividends declared amount to $10,000. There are 4,000 shares of $1 cumulative preferred shares outstanding and 10,000 common shares outstanding. The total amount of dividends payable to each class of shares in 2021 amounts to: A) $5,500 to preferred, $4,500 to common B) $3,000 to preferred, $7,000 to common $8,000 to preferred, $2,000 to common D) $10,000 to preferred, $0 to common 35) During 2021, total dividends declared by Par Corporation amounted to $29,000. There were 5,000 shares of $2 noncumulative preferred shares outstanding and 10,000 common shares outstanding. No dividends were declared in 2019 or 2020. The total amount of dividends payable to each class of shares in 2021 amounted to: A) $19,000 to preferred, $10,000 to common B) $20,000 to preferred, $9,000 to common C) $10,000 to preferred, $19,000 to common D) $29,000 to preferred, $0 to common 36) Newco Corporation has 20,000 shares of cumulative, $5 preferred shares outstanding as well as 100,000 common shares. As of the beginning of this fiscal year, there were three years of dividends in arrears on the preferred shares. The board of directors wants to give the common shareholders a $1.25 dividend per share. The total dividends to be declared must be: A) $225,000 B) $400,000 $525,000 D) $425,000 Falcon Corporation has 12,000 shares of $5, noncumulative preferred shares outstanding and 16,000 common shares outstanding. At the end of the current year, Falcon Corporation declares a dividend of $120,000 37) What is the dividend per share to preferred and common shareholders? A) $5.00 to preferred, $3.75 to common B) $3.75 to preferred, $5.00 to common $6.67 to preferred, $1.50 to common D) $1.00 to preferred, $6.75 to common