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During 2016-2020, IPO Corporation had the following issuances of shares outstanding for the entire period: 20,000 shares of $5.00 cumulative preferred shares 50,000 common shares
- During 2016-2020, IPO Corporation had the following issuances of shares outstanding for the entire period:
20,000 shares of $5.00 cumulative preferred shares 50,000 common shares issued at $10 each
Cash dividends declared by the board of directors during 2016 - 2020 were as follows:
- none
- $125,000
- $200,000
- $250,000
- $325,000
Required: Compute the amount of total dividends and dividends per share payable to each class of shares for 2016-2020.
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