QS 11-12 (Algo) Dividend allocation between classes of shareholders LO C2 Stockholdess equity of Einst Conipany consists or 7 , 000 shares or 55 par value, 9% cumulative prefened stock and 265,000 shares of 51 par value common stock. Both classes of stock have been outstanding since the company's incepilon. Finst did not decliare any dividends in the prior yeat, but it now declares and pays a $110.000 cos hing dividend at the cuirent yeatend