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Bennett Company has the following stockholders' equity section of the 2017 balance sheet Stockholders' Equity 4% Preferred Stock, par value, $105, 20,000 shares issued and

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Bennett Company has the following stockholders' equity section of the 2017 balance sheet Stockholders' Equity 4% Preferred Stock, par value, $105, 20,000 shares issued and outstanding $ 2,100,000 Common Stock, par value, $20 2,880,000 2,960,000 1,940,000 $9,880,000 144,000 shares issued and oustanding Additional Paid-In Capital Retained Earnings Total Stockholders' Equity Bennett Company declared and paid a $624,000 cash dividend. The preferred stock is noncumulative. The last time that preferred stock dividends were paid was in 2013 Required: 1. Compute the total dividend that is paid to the preferred stockholders 2. Compute the total dividend that is paid to the common stockholders. Dividends paid to the preferred stockholders SD Dividends paid to the common stockholders Clear Undo H Help

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