Helifex , Inc. began operations in 2010 and has the following Capital Stock:
	Helifex , Inc. Capital Stock:
	Preferred Stock:	# Shares	Stated Dividend Rate	Par value
	Authorized shares of cumulative, non-participatory preferred stock	80,000	6%	$10
	Issued shares of prefered stock	60,000
	Outstanding shares of preferred stock	30,000
	Common Stock:	# Shares
	Authorized shares of $1 par value common stock	50,000
	Issued shares of common stock	40,000
	Outstanding shares of common stock	10,000
Required:
a)	Compute the amount of Preferred Stock dividends.
b)	On January 1, 2017, the Board of Directors declared dividends of	$ 35,000
	Prepare the journal entry for the declaration of the dividends.
c)	On March 31, 2017, the dividends are disbursed to stockholders of record. Determine the allocation of dividends to Preferred and Common Stockholders.
d)	The Board of directors did not declare dividends during 2018. Determine the allocation of dividends to Preferred and Common Stockholders.
	Total dividends for Preferred Stockholders
	Total dividends for Common Stockholders
e)	On June 8, 2019 the Board of Directors declared dividends of	$110,000
	Determine the allocation of dividends to Preferred and Common Stockholders.
f)	The following year, on November 30, 2020, the board declared dividends of	$100,000
	Determine the allocation of dividends to Preferred and Common stockholders.
g)	Explain the advantages and disadvantages of investing in preferred stock.