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JUST NEED CASE B PREFERRED!!!! Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2021 Connon Stock (par $1; issued and
JUST NEED CASE B PREFERRED!!!!
Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2021 Connon Stock (par $1; issued and outstanding, 410,000 shares) $ 410,000 Preferred stock, 8t (par $10; issued and outstanding, 18,200 shares) 182,000 Retained Earnings 958,000 On December 31, 2021, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2019 or 2020. Three independent cases are assumed: Case At The preferred stock is no cumulative; the total amount of 2021 dividends would be $24,000. Case B: The preferred stock is cumulative; the total amount of 2021 dividends would be $16,000. Dividends were not in Case C: Same as Case B, except the amount is $59,000. Required: 1a. Compute the amount of 2021 dividends, In total, that would be payable to each class of stockholders I dividends were declared as described in each case. 1-6. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. arrears prior to 2019. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. (Round your answers to 2 decimal places.) Preferred Common Case A Case B $ 0.80S 1.58 $ 0.02S 0.00 Caso C $ 2.40 0.04 (Reg 1A Step by Step Solution
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