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Flowers Inc. has both common and preferred stock. There are 70,000 shares of $4 par common stock outstanding and 1,500 shares of $18 par,

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Flowers Inc. has both common and preferred stock. There are 70,000 shares of $4 par common stock outstanding and 1,500 shares of $18 par, 6% noncumulative 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 $2,800 $1,100 $3,400 Year Preferred Common 2022 4320 x X 2023 2024 Submit All Parts x x

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