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B. Dandy Corporation has the following stocks: 7% Preferred Stock, $40 par value; non-cumulative and non-participating, 30,000 shares authorized; 12,000 shares issued and outstanding Common

B. Dandy Corporation has the following stocks: 7% Preferred Stock, $40 par value; non-cumulative and non-participating, 30,000 shares authorized; 12,000 shares issued and outstanding Common Stock, $5 par value; 100,000 authorized; 70,000 shares issued; 65,000 shares outstanding Dandy Corporation has not paid any dividends in 2018 and 2019. In 2020, Dandy Corporation declared and paid $100,000. 24 25 Preferred Stockholders Common Stockholders How much of the $100,000 dividend goes to the Q @2 M 80 2 #3 E LL $ 4 888 FA 95 % MacBook Air PR F R T 6 & 37 7 19 DH 80 " .00 YU B 0image text in transcribed

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