Legges Out MyGuatem Chapter Eight Graded Homework t 308 ezto.meducation.com MQ-Chalight Graded 00 8 Problem 8-21A (Static) Cash dividends: Common and preferred stock LO 8-3,8-6 222 Nowell Inc. had the following stock issued and outstanding at January 1 Year 2 1. 150,000 shares of no-par common stock 2. 30,000 shares of $50 pac 4 percent, cumulative preferred stock (Dividends are in amears for one year, Year 1) On March 8, Year 2, Nowel declared a $175.000 cash dividend to be paid March 31 to shareholders of record on March 20 Required What amount of dividends will be paid to the preferred shareholders versus the common shareholders? Total dividend declared Preferred atrage Cument preferred dividend Available for common Darbuted to common Total Distributed to Sharehsiders Profeed Comment Help Save & Subnet Check my work E