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At December 31, 2020 and 2021, Sunland Company had outstanding 3600 shares of $100 par value 6% cumulative preferred stock and 19700 shares of $10
At December 31, 2020 and 2021, Sunland Company had outstanding 3600 shares of $100 par value 6% cumulative preferred stock and 19700 shares of $10 par value common stock. At December 31, 2020, dividends in arrears on the preferred stock were $12800. Cash dividends declared in 2021 totaled $44800. What amounts were payable on each class of stock?
| Preferred Stock |
| Common Stock |
$21600 |
| $23200 |
$32000 |
| $12800 |
$44800 |
| $0 |
$34400 |
| $10400 |
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