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Caterpillar Inc. records show 85,000 shares of preferred stock issued. The preferred dividend is $2 per share. The records show 730,000 shares of common stock
Caterpillar Inc. records show 85,000 shares of preferred stock issued. The preferred dividend is $2 per share. The records show 730,000 shares of common stock issued. In 2020, no dividends were paid. In 2021, the board of directors declared a dividend of $675,000. What are (A) the total amount of dividends paid to preferred stockholders, (B) the total amount of dividends paid to common stockholders?
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