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Bronze Tint Trust has the following classes of stock: (Click the icon to view the data.) Read the requirements. Requirement 1. Bronze Tint declares
Bronze Tint Trust has the following classes of stock: (Click the icon to view the data.) Read the requirements. Requirement 1. Bronze Tint declares cash dividends of $20,000 for 2024. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.) Bronze Tint's dividend would be divided between preferred and common stockholders in this manner: Total Dividend Dividend to preferred stockholders: $ 20,000 Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders 0 3,000 (3,000) 17,000 Requirement 2. Assume the preferred stock is cumulative and Bronze Tint passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $38,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.)
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