Ch $14$: Problem Set

Question $10$ of $12$

$\frac{-}{18}$

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Marigold Company's ledger shows the following balances on December $31,2025.$

$8\%$ Preferred stock $-$$$10$ par value, outstanding $19,300$ shares $$193,000$

Common stock $-$$$100$ par value, outstanding $30,800$ shares $,3,080,000$

Retained earnings

$576,000$

Assuming that the directors decide to declare total dividends in the amount of $$331,000,$ determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock.