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Flowers Inc. has both common and preferred stock. There are 45,000 shares of $2 par common stock outstanding and 1,500 shares of $17 par, 9%

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Flowers Inc. has both common and preferred stock. There are 45,000 shares of $2 par common stock outstanding and 1,500 shares of $17 par, 9% noncumulative preferred stock outstanding. The company did not pay any dividends in 2017. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2018 2019 2020 $3,800 $1,500 S5,400 YearPreferred 2018 2019 2020 Common

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