Question
On January 1, Year 1, a company had the following transactions: - Issued 10,000 shares of $2.00 par common stock for $12.00 per share. -
On January 1, Year 1, a company had the following transactions:
- Issued 10,000 shares of $2.00 par common stock for $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 $2,000 total dividend
Year 3 - Paid a $20,000 total dividend
Year 4 - paid a $25,000 total dividend Fill in the correct values for each year: If an amount box does not require an entry, leave it blank or enter "0".
Common stock dividend : Years 1-4 =
Preferred stock dividend : Years 1-4 =
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Common stock dividend $ $ $ $ Preferred stock dividend $ $ $ $ Dividends in arrears $ $ $ $
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