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Incredible Day Corporation has 57,000 $0.45 preferred shares and 625,000 common shares issued and outstanding. During a three-year period, Incredible Day Corporation declared and
Incredible Day Corporation has 57,000 $0.45 preferred shares and 625,000 common shares issued and outstanding. During a three-year period, Incredible Day Corporation declared and paid cash dividends as follows: 2017, $0; 2018, $117,000; and 2019, $275,000. Required Requirement 1a. Compute the total dividends to preferred shares and common shares for each of the three years if preferred shares are noncumulative. Complete the table if preferred shares are noncumulative. (Complete all answers boxes. For years wiith no dividend, enter "0".) Stock type Preferred dividend Common dividend 2017 2018 2019 Requirement 1b. Compute the total dividends to preferred shares and common shares for each of the three years if preferred shares are cumulative. (Complete all answers boxes. For years with no dividend, enter "0".) Complete the table if preferred shares are cumulative. Stock type Dunfand dividand 2017 2018 2019
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