Problem 9 Hoosiers, Inc. has 500,000 shares of no-par common stock and 50,000 shares of $100 par, 10% cumulative preferred stock. For each year below indicate dividends distributed to common and preferred stock. Distributed to Common Stock Distributed to Preferred Stock Total Dividends Distributed $750,000 at the end of 2012 $400,000 at the end of 2013 $550,000 at the end of 2014 $900,000 at the end of 2015