Common Stock 5,000,000 shares authorized, 1,500,000 issued $180,000 Capital in excess of par value $15,000,000 Treasury Stock
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Common Stock 5,000,000 shares authorized, 1,500,000 issued $180,000 Capital in excess of par value $15,000,000 Treasury Stock on Common 30,000 shares $303,600 Cumulative Preferred Stock 2,000,000 shares authorized, 500,000 issued $2 Dividend $10 par, $5,000,000 Capital Surplus [Excess of paid in Capital] $12,500,000 Treasury Stock on Preferred Stock 25,000 shares $875,000 Retained Earnings 20,202,021
Suppose the company is 4 years behind in dividends what is the new split for the $6,000,000 dividend payment between preferred and common stockholders? Show work
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