Cash Dividends on Preferred and Common Stock

Cash Dividends on Preferred and Common Stock Ex-Act Corporation pays dividends at the end of each year. The dividends that it paid for 2012, 2013, and 2014 were $160,000, $120,000, and $360,000, respectively. 1. Calculate the total amount of dividends Ex-Act paid in each of these years to its common and preferred rock holders under the following capital structure: 40,000 shares of $100 par, 6 percent noncumulative preferred stock and 120,000 shares of $10 par common stock. Ex-Act had no dividends in arrears at the beginning of 2012. If an amount is zero, enter "0". 2. Calculate the total amount of dividends Ex-Act paid in each of these years to its common and preferred stockholders under the following capital structure: 20,000 shares of $100 par, 7 percent cumulative preferred stock and 120,000 shares of $10 par common stock. Ex-Act had no dividends in arrears at the beginning of 2012. If an amount is zero, enter "0