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Kingdom Corporation has the following - Preferred stock, $10 par value, 9%, 50,000 shares issued $500,000 Common stock, $15 par value, 300,000 shares issued
Kingdom Corporation has the following - Preferred stock, $10 par value, 9%, 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 $150,000 of cash dividend. Required: How much is the TOTAL cash dividends that will be distributed to preferred and common stockholders over the two years, assuming the preferred stock is cumulative Please DO NOT use the "$" and "," signs in you answer. For example, if the right answer is Preferred $10,000 and Common $15,000, it should be EXACTLY written as: 10000 15000 Preferred Common
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