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I need help understanding this problem. I understand how to get the Preferred SHs and Common SHs values for the 2010 and 2012 years. But
I need help understanding this problem. I understand how to get the Preferred SHs and Common SHs values for the 2010 and 2012 years. But I am not able to understand how you get 34,000 and 16,000 for the 2011 year. Can someone show me how?
David Funaro Architectural Company has 7,000 shares of 7%,$50 par, cumulative preferred stock outstanding and 6,000 shares of $2.00 par value common stock outstanding. The company began operations on May 1, 2009. The cash dividends declared and paid during each of the first three years of David Funaro's operations are as follows: EEE (Click to view the dividends declared and paid.) Calculate the amounts that went to the preferred and the common shareholders (SHs) each year. Calculate the amounts that went to the preferred and the common shareholders (SHs) each year. (Enter an amount in each input field including zeros if no dividends were paid to shareholders in that year.) Total Dividends to Dividends to Year Ended Common SHs Dividends Paid Preferred SHs April 30, 2010 15,000 15,000 50,000 34,000 16,000 April 30, 2011 24,500 s April 30, 2012 45,000 20,500Step by Step Solution
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