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Platinum Trust has the following classes of stock: - Preferred Stock - 2%, $13.00 par value: 6,600 shares authorized, 4,900 shares issued and outstanding. -
Platinum Trust has the following classes of stock: - Preferred Stock - 2\%, $13.00 par value: 6,600 shares authorized, 4,900 shares issued and outstanding. - Common Stock - $0.20 par value, 2,202,100 shares authorized, 1,661,500 shares issued and outstanding. 1. Platinum Trust declares cash dividends of $20,800 for 2020 . How much goes to the preferred stockholders? How much to the common stockholders? 2. Assume the preferred stock is cumulative and Platinum Trust passed the preferred dividend in 2018 and 2019. In 2020, the company declares cash dividends of $49,300. How much of the dividend goes to preferred and common stockholders? 3. Assume the preferred stock is noncumulative and Platinum Trust passed the preferred dividend in 2018 and 2019 . In 2020 , the company declares cash dividends of $49,300. How much of the dividend goes to preferred and common stockholders
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