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Fashionista Co. has 5,000 shares of 3%, $20 par value cumulative preferred stock and 70,000 shares of $2.50 par common stock outstanding. The company declared
Fashionista Co. has 5,000 shares of 3%, $20 par value cumulative preferred stock and 70,000 shares of $2.50 par common stock outstanding. The company declared and paid the following dividends in each of three years: 2010, $2,000; 2011, $12,000; and 2012, $18,000. Determine the total amount of dividends to the preferred stockholders and common stockholders for each of the years. (Enter an amount in each cell, including a zero if no dividend is paid to the stockholders.) Year Preferred Dividend Common Dividend 2010 N Total Dividend 2,000 12,000 18,000 2011 2012 Stockholders' Equity Preferred stock, cumulative, $1.00 par, 9%, 80,000 shares issued Common stock, $0.05 par, 9,210,000 shares issued $ 80,000 460,500
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