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4. Throughout 2020 and 2021, Listco, Inc. has 112,000 outstanding shares of $2 par value common stock and 5,000 outstanding shares of $100 par 10%
4. Throughout 2020 and 2021, Listco, Inc. has 112,000 outstanding shares of $2 par value common stock and 5,000 outstanding shares of $100 par 10% cumulative participating preferred stock. On December 31, 2021, Listco declares $700,000 in cash dividends to be paid on January 5, 2022. No dividends were declared in 2020.
a. (8%) How much of the dividend will the common and preferred shareholders receive?
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