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On January 1, year 1, a company had the following transactions: -Issued 10,000 shares of $2.00 par common stock $12.00 per share Issued 3,000 shares
On January 1, year 1, a company had the following transactions: -Issued 10,000 shares of $2.00 par common stock $12.00 per share Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15.00 per share. The company had the following dividend information available: Year 1 - No dividend paid Year 2 - Paid a 52,000 total dividend Year 3 - Paid a 520,000 total dividend Year 4 - Paid a 525,000 total dividend Using the following format, fill in the correct values for each year: Common stock dividend Preferred stock dividend Dividends in arrears
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