Cumulative Preferred Dividends

Capital stock of Barr Company includes:

Common stock, $$5$ par, $630,000$ shares outstanding

$$3,150,000$

Preferred stock, $15\%$ cumulative, $$70$ par, $10,000$ shares outstanding

$700,000$

As of December $31,2024,2$ years' dividends are in arrears on the preferred stock. During $2025,$ Barr plans to pay dividends that tota $$415,000.$

Required:

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

$2.$ If Barr paid $$328,000$ of dividends, determine how much each group of stockholders would receive.

Total dividend to preferred stockholders

Total dividend to common stockholders