Homework: Ch10 EC (Extra One) Sa Score: 0 of 5 pts 1 of 1 (0 completo) HW Score: 0%, 0 of 5 S10-11 (similar to) Question Help Alloy Garde Corporation has 80,000 shares of $1.35 preferred stock outstanding in addition to its common stock. The $1,38 designation means that the preferred tockholders toonive an annual cash dividend of $135 por share. In 2010, Alloy Garde declares an annual dividend of $600,000. The allocation to preferred and common stockholders Click the boon to view the colo) and the imanis 1. How much in dividends et ly Garde declare each year before the common stockholders receive any cash dividende for the year? Alloy Garde must declare dividends of $ each year before the common stockholders receive any cash dividends for the ver. Erwer any number in the edit fields and then click Check Answer, - i Data Table me lloca Preferred dividend (80,000 shares x 1.35 per share) 108,000 392,000 Common dividend (remainder: $500,000 - $108,000) $ 500.000 Total dividend. Print Done Ole All * Requirements der Answer these questions pour Alloy Garde's cash dividenas. 1. How much in dividends must Alloy Garde declare each year before the common stockholders receive any cash dividends for the year? 2. Suppose Alloy Garde declares cash dividends of $300,000 for 2018. How much of the dividends goes to preferred shareholders? How much goes to common shareholders? 3. Is Alloy Garde's preferred stock cumulative or noncumulative? How can you tell? 4. Alloy Garde passed the preferred dividend in 2017 and 2018. Then in 2019. Alloy Garde declares cash dividends of $1.000.000 How much of the dividends goes to preferred shareholders? How much goes to common shareholders? deck divid or in to Print Done Answe