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Burrell Inc. has 5000 shares of 4%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December
Burrell Inc. has 5000 shares of 4%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2013 and December 31, 2012. The board of directors declared and paid a $8000 dividend in 2013. In 2014 $30000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2014?
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