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Please Help WIth the ones I got incorrect Please. Trying to figure out where I went wrong. Thank you in advance! Analyzing Cash Dividends on

Please Help WIth the ones I got incorrect Please. Trying to figure out where I went wrong. Thank you in advance!

image text in transcribed Analyzing Cash Dividends on Preferred and Common Stock Torres Company began business on June 30, 2018. At that time, it issued 30,000 shares of $40 par value, 8% cumulative preferred stock and 120,000 shares of $5 par value common stock. Through the end of 2020 , there has been no change in the number of preferred and common shares outstanding. a. Assume the company declared and paid cash dividends of $123,600 in 2018,$0 in 2019 , and $553,200 in 2020 . Compute the total cash dividends and the dividends per share paid to each class of stock in 2018,2019 , and 2020. b. Assume the company declared and paid cash dividends of $0 in 2018,$192,000 in 2019, and $333,600 in 2020 . Compute the total cash dividends and the dividends per share paid to each class of stock in 2018,2019 , and 2020

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