BUS 31200 Graded Problem 2 Fall Semester 2023 Horton Company has 6,000 outstanding shares of $50 par, 7.50% preferred stock and 12,000 shares of $5 par value common stock. The Board of Directors declared and paid the following amount of dividends: $15,000 in 2020, $25,000 in 2021, and $100,000 in 2022. 1. Calculate the total amount of dividends allocated to both preferred and common shareholders in 2022 for the following type of preferred stock: cumulative and nonparticipating. Show calculations and label answers. 2. Same as above except calculate the dividends allocated to both preferred and common shareholders in 2022 for the following type of preferred stock: noncumulative and participating. Show calculations and label answers.

Horton Company has 6,000 outstanding shares of $50 par, 7.50% preferred stock and 12,000 shares of $5 par value common stock. The Board of Directors declared and paid the following amount of dividends: $15,000 in 2020, $25,000 in 2021, and $100,000 in 2022. 1. Calculate the total amount of dividends allocated to both preferred and common shareholders in 2022 for the following type of preferred stock: cumulative and nonparticipating. Show calculations and label answers. 2. Same as above except calculate the dividends allocated to both preferred and common shareholders in 2022 for the following type of preferred stock: noncumulative and participating. Show calculations and label answers