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Problen 3 The shareholders' equity of HS Corporation includes $ 3 0 0 , 0 0 0 of $ 1 par common stock and $

Problen 3
The shareholders' equity of HS Corporation includes $300,000 of $1 par common stock and $600,000 par of 6% cumulative preferted stock. The board of directors of HS declared cash dividends of $70,000 in 2021 after paying $30,000 cash dividends in 2020 and $50,000 in 2019.
What amount of dividends will preferred and common shareholders receive each year?
\table[[Year,\table[[Dividends to Preferred],[Stockholders]],\table[[Dividends to Common],[Stockholders]]],[2019,,],[2020,,],[2021,,]]
The shareholders' equity of HS Corporation includes $300,000 of $1 par common stock and $600,000 par of 6% non-cumulative preferred stock. The board of directors of HS declared cash dividends of $70,000 in 2021 after paying $30,000 cash dividends in 2020 and $50,000 in 2019.
What amount of dividends will preferred and common shareholders receive each year?
\table[[Year,\table[[Dividends to Preferred],[Stockholders]],\table[[Dividends to Common],[Stockholders]]],[2019,,],[120,,],[1,,]]
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