Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The date of record is January 18th and the date of payment is January 31st

Puppy Inc. declares $80,000 in dividends on July 5th 2020. The date of record will be July 18th, and the payment date will be July 20th The company has 2,000 shares of 10%, $40 par cumulative preferred stock issued and outstanding The company also has 20,000 shares of $2 par common stock. The company paid no dividends in 2019