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Buffalo Imports has the following stock outstanding: 25,000 shares of $120 par value, 6% cumulative preferred stock and 150,000 shares of $3,075 par value, common
Buffalo Imports has the following stock outstanding: 25,000 shares of $120 par value, 6% cumulative preferred stock and 150,000 shares of $3,075 par value, common stock.
The company is current on all dividends and then declares and pays the following dividends for the following years:
Year | Total Dividends | Preferred Dividends | Common Dividends | |
2017 | $ 97,500 | ? | ? | |
2018 | $ 618,000 | ? | ? | |
2019 | $ 454,500 | ? | ? |
Compute and show above the total cash dividends paid to each class of stock in 2017 through 2019 above
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