Egyptian Enterprises has both common and preferred stock. There are 70,000 shares of $1 par common stock outstanding and 5,000 shares of $12 par, 9% cumulative preferred stock outstanding. The company did not pay any dividends in 2021. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2022 2023 2024 $9,500 $10,000 $9,000 Year Preferred Common 2022 2023 2024 > Next Question