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Since it was organized in January 2015, HobKnob Production Corporation has had 1500 shares of $100 par value, 10% preferred stock and 15,000 shares of

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Since it was organized in January 2015, HobKnob Production Corporation has had 1500 shares of $100 par value, 10% preferred stock and 15,000 shares of S20 par value common stock. It has declared and paid dividends each year as shown below. Show the distribution of total dividends to each class of stockholder under each of the following assumptions: For year 2018, fill-in-the-blank for the amount of S's the Non-Cumulative Preferred Dividend is in year 2018 9 Dividends 12 Year Assume Preferred Stock is Non-Cumulative Assume Preferred Stock is Cumulative Declared and Paid Preferred Dividend Common Dividend Preferred Dividend Common Dividend 2018 10.000 2019 55.000 2020 80.000

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