Egyptian Enterprises has both common and preferred stock. There are 70,000 shares of $1 par common stock outstanding and 5,000 shares of $8 par, 8% cumulative preferred stock outstanding. The company did not pay any dividends in 2022. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2023 $5,500 2024 $6,000 2025 $5,000 Year Preferred Common 2023 2024 2025 Question Help: Video Video 2 Video 3 Submit All Parts Jump to