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Capital stock of Barr Company includes: Common stock, $5 par, 600,000 shares outstanding Preferred stock, 15% cumulative, $70 par, 10,000 shares outstanding $3,000,000 700,000

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Capital stock of Barr Company includes: Common stock, $5 par, 600,000 shares outstanding Preferred stock, 15% cumulative, $70 par, 10,000 shares outstanding $3,000,000 700,000 As of December 31, 2024, 2 years' dividends are in arrears on the preferred stock. During 2025, Barr plans to pay dividends that total $425,000. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025. Total dividend to preferred stockholders Total dividend to common stockholders 373,500 X 0 X 2. If Barr paid $325,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders Total dividend to common stockholders 0 0 X

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