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Hip Co. has 7.000 shares of 3%, $10 par value cumulative preferred stock and 80,000 shares of $1.50 par common stock outstanding. The company declared
Hip Co. has 7.000 shares of 3%, $10 par value cumulative preferred stock and 80,000 shares of $1.50 par common stock outstanding. The company declared and paid the following dividends in each of three years: 2010, $2,000: 2011, S11,000: and 2012 $18.000 Determine the total amount of dividends to the preferred stockholders and common stockholders for each of the years. (Enter an amount in each cell, including a zero if no dividend is paid to the stockholders.) Preferred Dividend Common Dividend Year 2010 2011 2012 Total Dividend $ 2,000 14,000 ppp
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