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*Please show calculations. Thank you. At December 31, 2017 and 2018, Swifty Corporation had outstanding 3900 shares of $100 par value 6% cumulative preferred stock
*Please show calculations. Thank you.
At December 31, 2017 and 2018, Swifty Corporation had outstanding 3900 shares of $100 par value 6% cumulative preferred stock and 20400 shares of $10 par value common stock. At December 31, 2017, dividends in arrears on the preferred stock were $12200. Cash dividends declared in 2018 totaled $45600. What amounts were payable on each class of stock?
Preferred Stock
Common Stock
$33400
$12200
$35600
$10000
$45600
$0
$23400
$22200
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