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S13-8 (similar to) Question Help Precious Metal Trust has the following classes of stock: E: (Click the icon to view the data.) Read the requirements. Requirement 1. Precious Metal declares cash dividends of $15,000 for 2018. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.) Precious Metal's dividend would be divided between preferred and common stockholders in this manner: Total Dividend Dividend to preferred stockholders: Dividend in arrears Current year dividend - X Requirements Total dividend to preferred stockholders Dividend to common stockholders Data Table -X Preferred Stock4%, $10 Par Value; 6,500 shares authorized, 5,000 shares issued and outstanding Common Stock$0.20 Par Value; 2,250,000 shares authorized, 1,000,000 shares issued and outstanding 1. Precious Metal declares cash dividends of $15,000 for 2018. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? 2. Assume the preferred stock is cumulative and Precious Metal passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of $28,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? 3. Assume the preferred stock is noncumulative and Precious Metal passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of $28,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? Print Done Print Done Enter any number in the edit fields and then click Check Answer. ? 2 parts remaining Clear All Check