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At December 31, 2020 and 2021, Coronado Industries had outstanding 4300 shares of $100 par value 6% cumulative preferred stock and 20000 shares of $10
At December 31, 2020 and 2021, Coronado Industries had outstanding 4300 shares of $100 par value 6% cumulative preferred stock and 20000 shares of $10 par value common stock. At December 31, 2020, dividends in arrears on the preferred stock were $12100. Cash dividends declared in 2021 totaled $46000. What amounts were payable on each class of stock?
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