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4. Urban Foods Inc. had 20,000 shares of 4%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding
4. Urban Foods Inc. had 20,000 shares of 4%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding in 2021. The information below applies to each of the independent situations (6 points). a) Assuming that total dividends declared in 2021 were $25,000 and that the preferred stock is noncumulative, stockholders should receive total 2021 dividends of $ common b) Assuming that total dividends declared in 2021 were $80,000 and that the preferred stock is cumulative with two years' preferred dividends in arrears, the preferred stockholders should receive 2021 dividends totaling $ c) Assuming that total dividends declared in 2021 were $30,000 and that the preferred stock is cumulative with two years' preferred dividends in arrears, the preferred stockholders should receive 2021 dividends totaling $ I
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