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Precious Metal Trust has the following classes of stock (Click the icon to view the data) Requirements 1. Precious Metal declares cash dividends of $35
Precious Metal Trust has the following classes of stock (Click the icon to view the data) Requirements 1. Precious Metal declares cash dividends of $35 000 for 2015. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? 2. Assume the preferred stock is cumulative and Precious Metal passed the preferred dividend in 2014 and 2015. In 2016, the company declares cash dividends of S44,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? 3. Assume the preferred stock is nencumulative and precious Metal passed the preferred dividend in 2014 and 2015. In 2016, the company declares cash dividends of $44,000. I low much of the dividend goes to preferred stockholders? How much goes to common stockholders? Requirement 1. Precious Metal declares cash dividends of $35,000 for 2016. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter 'O' for any zero amounts) Precious Metals dividend would be divided between preferred and common stockholders in this manner. Total Dividend Dividend to preferred stockholders: 1 Data Table Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders Preferred Stock-7%, $12 Par Value; 8,000 shares authorized, 6,500 shares issued and outstanding Common Stock-$0.20 Par Value 2,050,000 shares authorized 1,100,000 shares issued and outstanding Print Dane
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