Great Lakes Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015:

Stockholders' Equity -Preferred stock, cumulative, $0.50 par, 10%, 90,000 shares issues $45,00 -Common stock, $0.10 par, 9,090,000 shares issued 909,000

Great Lakes Manufacturing has paid all preferred dividends through 2011.

Requirement:

1. Compute the total amounts of dividends to both preferred and common stockholders for 2014 and 2015 if total dividends are $90,000 in 2014 and $108,000 in 2015.

Begin with 2014. Compute the total amounts of dividends to both preferred and common stockholders for 2014 if total dividends are $90,000.

CLASS OF STOCK	2014 DIVIDENDS
Preferred
Common
Total

CLASS OF STOCK	2015 DIVIDENDS
Preferred
Common
Total