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Please help to explain how to get the answer in the picture Requirement 1. Calculate the total amounts of dividends to both preferred and common
Please help to explain how to get the answer in the picture
Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $130,000 in 2018 and $260,000 in 2019 Begin with 2018. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 if total dividends are $130,000. Class of Stock Preferred Common 2018 Dividends 48,000 0 Data Table 82.000 Total Stockholders' Equity Calculate the total amounts of dividends to b Preferred stock, cumulative, $5.00 par, 4%, 80,000 shares issued Common stock, $0.10 par, 9,230,000 shares issued $ 400,000 923,000 Class of Stock 2019 Dividends Preferred 16,000 244.000 260,000 Common Print Done Tota Step by Step Solution
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