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OTU, Inc. began operations in 2021 by issuing 9,000 shares of 11%, $60 par value cumulative preferred stock and 8,000 shares of $20 par value
OTU, Inc. began operations in 2021 by issuing 9,000 shares of 11%, $60 par value cumulative preferred stock and 8,000 shares of $20 par value common stock. OTU, Inc. paid total dividends during its first four years of operations as follows: 2021 2022 2023 2024 Total Dividends Paid $44,000 $64,000 $54,000 $ 84,000 The amount of the $84,000 dividend paid in 2024 that was paid to the common stockholders was equal to: $0 $8,400 $14,100 $19,200 $24,600 $24,800 $26,400 none of the above choices are correct
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