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At December 31, 2025 and 2026, Pina Corp. had outstanding 3900 shares of $100 par value 6% cumulative preferred stock and 19200 shares of $10
At December 31, 2025 and 2026, Pina Corp. had outstanding 3900 shares of $100 par value 6% cumulative preferred stock and 19200 shares of $10 par value common stock. At December 31, 2025, dividends in arrears on the preferred stock were $11900. Cash dividends declared in 2026 totaled $45600. What amounts were payable on each class of stock? Preferred Stock $45600 $35300 $23400 $33700 Common Stock $0 $10300 $22200 $11900
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