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solar storm inc. began operations on june 30, 2011 and issued 60,000 shares of 1 par common stock on that date. on dec 31, 2011
solar storm inc. began operations on june 30, 2011 and issued 60,000 shares of 1 par common stock on that date. on dec 31, 2011 solar storm declared and paid 24,200 in dividends. After a vote of the board of directors, solar storm issued 25,000 shares of 7% cumulative, 10 par, preferred stock on jan. 1, 2013. On dec. 31, 2014 solar storm declared and paid 16,500 in dividends. Determine the amount of dividends to be distributed to each class of stock for each of solar storm dividend payments
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