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Need some help, please. E8-43.Rand.G Question 4 Not complete Marked out of 20.00 Flag question Analyzing Cash Dividends on Preferred and Common Stock Torres Company
Need some help, please.
E8-43.Rand.G Question 4 Not complete Marked out of 20.00 Flag question Analyzing Cash Dividends on Preferred and Common Stock Torres Company began business on June 30, 2018. At that time, it issued 40,000 shares of $40 par value, 8% cumulative preferred stock and 160,000 shares of $5 par value common stock. Through the end of 2020, there has been no change in the number of preferred and common shares outstanding. a. Assume the company declared and paid cash dividends of $164,800 in 2018, $0 in 201 9, and $737,600 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 201 8, 2019, and 2020. 2018 Preferred shareholders: Common shareholders: 2019 Preferred shareholders: Common shareholders: 2020 Total Dividends Dividends per Share Total Dividends Dividends per Share Total Dividends Dividends per Share Preferred shareholders: Common shareholders: b. Assume the company declared and paid cash dividends of $0 in 2018, $256,000 in 201 9, and $444,800 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 201 8, 2019, and 2020. 2018 Preferred shareholders: Common shareholders: 2019 Preferred shareholders: Common shareholders: 2020 Preferred shareholders: Common shareholders: Total Dividends Dividends per Share Total Dividends Dividends per Share Total Dividends Dividends per Share
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