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Kingdom Corporation has following -Preferred stock, $10 par v ,0%, 50.000 shares issued $500,000 -Common stock, $15 par value, 300,000 shares issued and outstanding $4,500,000
Kingdom Corporation has following -Preferred stock, $10 par v ,0%, 50.000 shares issued $500,000 -Common stock, $15 par value, 300,000 shares issued and outstanding $4,500,000 In 2020, The company declared and paid $30,000 of cash dividends In 2021, The company declared and paid $150,000 of cash dividend Required: How much is the TOTAL cash dividends that will be distributed to preferred and common stockholders over the two years, assuming the preferred stock is cumulativ Please DO NOT use the "S" and signs in you answer. For example, if the right answer is Preferred $10,000 and Common $15.000, should be EXACTLY written as 10000 15000 Preferred Common
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