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Hello, I need answers: Weston Company issued and has outstanding 114,000 shares of $10 par-value common stock and 3,000 shares of $50 par-value 25 percent

Hello, I need answers:

Weston Company issued and has outstanding 114,000 shares of $10 par-value common stock and 3,000 shares of $50 par-value 25 percent preferred stock. The board of directors votes to distribute $7,500 as dividends in 2019, $10,500 in 2020, and $254,100 in 2021.

Compute the total dividend and the dividend for each share paid to preferred stockholders and common stockholders each year under the following assumed situations.

Case A:The preferred stock is nonparticipating and noncumulative.

Case B:The preferred stock is cumulative and nonparticipating.

Analyze:

If a stockholder purchased 350 shares of cumulative preferred stock in 2019, what total dividends should be paid to this stockholder in the fiscal year 2021, assuming Case B?

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