JMC was organized in January 2011 and has 2,000 shares of $100 par value, 10%, nonparticipating preferred stock outstanding and 30,000 shares of $10 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Required: Calculate the total dividends distributed to each class of stockholder under the assumptions given: Cash Dividends Declared & Assume Preferred Stock Is Cumulative Preferred Common

JMC was organized in January 2011 and has 2,000 shares of $100 par value, 10%. nonparticipating preferred stock outstanding and 30,000 shares of $10 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Required: Calculate the total dividends distributed to each class of stockholder under the assumptions given: JMC was organized in January 2011 and has 2,000 shares of $100 par value, 10%. nonparticipating preferred stock outstanding and 30,000 shares of $10 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Required: Calculate the total dividends distributed to each class of stockholder under the assumptions given