eBook Dividends for Preferred and Common Stock The Stockholders' Equity category of Greenbaum Company's balance sheet as of December 31, 2017, appeared as follows: Preferred stock, $100 par, 7% 4,000 shares issued and outstanding $400,000 Common stock, $10 par 80,000 shares issued and outstanding 800,000 Additional paid-in capital 1,000,000 Total contributed capital $2,200,000 Retained earnings 1,800,000 Total stockholders equity $4,000,000 The notes to the financial statements indicate that dividends were not declared or paid for 2015 or 2016. Greenbaum wants to declare a dividend of $249,000 for 2017 Required: Determine the total and the per-share amounts that should be declared to the preferred and common stockholders under the following assumptions: 1. The preferred stock is no cumulative, nonparticipating 2. The preferred stock is cumulative, nonparticipating. Round per share amounts to the nearest cent. Total Preferred Dividends Per Share Amount Total Common Dividends Per Share Amount 36,000 x 9 X 232,000 X 108,000 X 27 X 160,000 2 2.9 X 1. 2. Fun Previous Next maininn