Brief Exercise $10-50$

Preferred and Common Stock Dividends

Brookshed Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to pay an annual dividend of $$11,000$ to preferred stockholders. On January $1,2019,$ Brookshed's preferred dividends were $1$ year in arrears, which means that Brookshed declared neither preferred nor common dividends in $2018.$ During the next $3$ years $(2019-2021),$ Brookshed's board of directors determined they would be able to pay $$17,000,$$$18,000,$ and $$21,000,$ respectively.

Required:

Show how these anticipated payments will be split between preferred and common stockholders. If an amount box does not require an entry, leave it blank and if the answer is zero, enter $"0".$

$\backslash$table$[[$Ymount Available,$\backslash$table$[[$Dividends$],[$to Preferred$]],\backslash$table$[[$Dividends$],[$to Common$]],\backslash$table$[[$Remaining$],[$in Arrears$]]],[2018,,,],[2019,,,],[2020,$$$,$$$,$$