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Sapphire Trust has the following classes of stock IID (Click the icon to view the data) Read the repuirements Requirement 1. Sapphire declarlo cash dividends
Sapphire Trust has the following classes of stock IID (Click the icon to view the data) Read the repuirements Requirement 1. Sapphire declarlo cash dividends of $15,000 for 2024 How much of the dividenda goes to preferted stockholders? How much goes to common atochholden? (Complete all input boxes Enter "O" for any 70 oro amounts) Sapphire's dildend would be divided behween preferred and comnon stocktolden in thin manner Requirements 1. Sapphire declares cash dividends of $15,000 for 2024 . How much of the dividends goes to preferred stockholders? How much goes to common stockholders? 2. Assume the preferred stock is cumulative and Sapphire passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $35,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? 3. Assume the preferred stock is noncumulative and Sapphire passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $35,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? Data table Preferred Stock-3\%, $13 Par Value ;9,500 shares authorized, 8,000 shares issued and outstanding Common Stock $0.15 Par Value; 2,300,000 shares authorized, 1,000,000 shares issued and outstanding
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