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Please help! Paragraph The Johnson Company has equity in the form of common and preferred stock. Johnson has 10,000 outstanding shares of $100 par value
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Paragraph The Johnson Company has equity in the form of common and preferred stock. Johnson has 10,000 outstanding shares of $100 par value cumulative preferred stock with a stated dividend percentage of 5%, Johnson also has 100,000 shares of common stock outstanding. The net income of ohnson for the years 2013-2017 is given. For each year, find the amount of the preferred stock dividend (if any). the dividends in arrears (if any), and the earnings per common share (if any). 2013: $80,000 net income 2014: $10,000 net income 2015: S120,000 net income 2016: $0 net income 2017: $60,000 net income YEAR PREFERRED DIVIDEND PREFERRED DIVIDEND EARNINGS PER IN CURRENT YEARINARREARS (end of year) cOMMON SHARE 2013 2014 2015 2016 glish (United States)Step by Step Solution
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