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Cumulative Preferred Dividends

Capital stock of Barr Company includes:

Common stock, $5 par, 640,000 shares outstanding	$3,200,000
Preferred stock, 15% cumulative, $60 par, 9,000 shares outstanding	540,000

As of December 31, 2024, 2 years' dividends are in arrears on the preferred stock. During 2025, Barr plans to pay dividends that total $363,000.

Required:

1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025.

Total dividend to preferred stockholders	$fill in the blank 1
Total dividend to common stockholders	$fill in the blank 2

2. If Barr paid $256,000 of dividends, determine how much each group of stockholders would receive.

Total dividend to preferred stockholders	$fill in the blank 3
Total dividend to common stockholders	$fill in the blank 4