Exercise $13-12$

The following elements of shareholders' equity are adapted from the balance sheet of

Brzynski Marketing Ltd:

Computing dividends on

preferred and common shares

The company has paid all dividends through $2012.$

Required Compute the dividends paid to preferred shareholders and to common share$-$

holders for $2013$ and $2014$ if total dividends are $$0$ in $2013,$ and $$41,000$ in $2014.$ Round your

answers to the nearest dollar.