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Bandola Media Inc. has issued and outstanding a total of 50,000 shares of $3.80 preferred shares and 150,000 of common shares. The company began operations
Bandola Media Inc. has issued and outstanding a total of 50,000 shares of $3.80 preferred shares and 150,000 of common shares. The company began operations and issued both classes of shares on January 1, 2019. Required 1. Calculate the total dividends to be paid to each group shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2019 $120,000 2020 80,000 2021 400,000 2022 425,000 2. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are non-cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2019 $120,000 2020 80,000 2021 400,000 2022 425,000
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