Question
9. Mickey Mouse Cinema LLC. (MMC) manufactures mountain bikes and distributes them through retail outlets in Colorado and Utah. MMC declared the following annual dividends
9. Mickey Mouse Cinema LLC. (MMC) manufactures mountain bikes and distributes them through retail outlets in Colorado and Utah. MMC declared the following annual dividends over a six-year period: 2017: $30,000 2018: $15,000 2019: $10,000 2020: $ 4,000 2021: $50,000 2022: $75,000 During the entire period, the outstanding stock of the company was composed of 10,000 shares of cumulative, nonparticipating, $2 preferred stock, which is $50 par; and 25,000 shares of common stock with $10 par. Calculate the total dividends and the per share dividends declared on each class of stock for each of the six years.
Summarize the data in tabular form, using the format below:
Year
Total dividends
Preferred Dividends -Total Per Share
Common Dividends -Total Per Share
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