Requirement

1.

Compute the total amounts of dividends to both preferred and common stockholders for 2014 and 2015 if total dividends are $70,000 in 2014 and $84,000 in 2015.

Stockholders' Equity

Preferred stock, cumulative, $1.50 par, 5%, 55,000 shares issued $82,500

Common stock, $0.10 par, 9,230,000 shares issued 923,000

Begin with 2014. Compute the amounts of dividends to both preferred and common stockholders for 2014 if total dividends at $70, 000.

CLASS OF STOCK	2014 DIVIDENDS
Preferred
Common
Total

Compute the total amounts of dividends to bother preferred and common stockholders for 2015 if total dividends are $216,000 in 2015.

CLASS OF STOCK	2014 DIVIDENDS
Preferred
Common
Total