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Mineral Co, has the following classes of stock: Preferred Stock-6%, $20 Par Value; 9,000 shares authorized, 6,000 shares issued and outstanding Common Stock-50.50 Par Value;
Mineral Co, has the following classes of stock: Preferred Stock-6\%, \$20 Par Value; 9,000 shares authorized, 6,000 shares issued and outstanding Common Stock-50.50 Par Value; 1,750,000 shares aathorized, 1,000,000 shares issued and outstanding Assume the preferred stock is noncumulative and Mineral Co. passed the preferred dividend in 2021 and 2022 in 2023 , the campary declares cash dimbend 0 5A2,000. How much of the dividend goes to preferred wochtiolder?? How nich goes to tommen stoetholders
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