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Nash's Trading Post, LLC has 5000 shares of 4%,$100 par value, cumulative preferred stock and 50000 shares of $1 par value common stock outstanding at

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Nash's Trading Post, LLC has 5000 shares of 4%,$100 par value, cumulative preferred stock and 50000 shares of $1 par value common stock outstanding at December 31.2020. If the board of directors declares a $12500 dividend, the preferred stockhoiders will receive the entire $12500. $12500 will be held as restricted retained earnings and prid out at some future date: preferred stockholders will receive 1/10 th of what the common stockholders will receive. preferred stockholders will receive $000 and the common stockholders will receive $5000

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