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?

$\backslash$table$[[$Year$,\backslash$table$[[$Dividends to Preferred$],[$Stockholders$]],\backslash$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?

$\backslash$table$[[$Year$,\backslash$table$[[$Dividends to Preferred$],[$Stockholders$]],\backslash$table$[[$Dividends to Common$],[$Stockholders$]]],[2019,,],[120,,],[1,,]]$