Question
Magestic Manufacturing, Inc., reported the following at December31, 2018 , and December31, 2019 : Stockholders equity Preferred stock, cumulative, $4.00 par, 10%, 45,000 shares issued
Magestic Manufacturing, Inc., reported the following at December31, 2018, and December31, 2019:
Stockholders equity
Preferred stock, cumulative, $4.00 par, 10%, 45,000 shares issued $180,000
Common stock, $0.40 par, 9,100,000 shares issued $3,640,000
Begin with 2018. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 if total dividends are $130,000.
Preferred: ??
Common: ??
Total: $130,000
Calculate the total amounts of dividends to both preferred and common stockholders for 2019 if total dividends are $221,000 in 2019.
Preferred: ??
Common: ??
Total: $221,000
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