HELP

has 40,000 shares of $50 par, 2% cumulative preferred stock and 100,000 shares of $25 par common stock. The following amounts were distributed as dividends: Directions: Fill in the missing blanks in the table below. Year 1 Year 2 Year 3 Amount distributed $15,000 $25,000 $120,000 Preferred dividend (40,000 shares) 15,000 25,000 Common dividend (100,000 shares) Dividends per share: Preferred stock .38 Common stock (Current year preferred dividend in arrears) 15000 25000