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LUIHILISLUILLALILISLIU JJ Preferred and Common Stock Dividends Barstow Corporation has a single class of common stock and a single class of cumulative preferred stock. The
LUIHILISLUILLALILISLIU JJ Preferred and Common Stock Dividends Barstow Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to pay an annual dividend of $8,000 to preferred stockholders. On January 1, 2013, Barstow's preferred dividends were 1 year in arrears, which means that Barstow declared neither preferred nor common dividends in 2012. During the 3 years (2013-2015), Barstow's board of directors determined they would be able to pay $9,500, $17,000, and $20,000, respectively. Required: Show how these anticipated payments will be split between preferred and common stockholders. If an amount is zero, enter "0" Year Amount Available for Dividends Dividends to Preferred Dividends to Common Remaining in Arrears 2012 2013 2014 2015 $ $ $ $ Check My Work 10=Icon Key
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