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Sterling Trust has the following classes of stock: (Click the icon to view the data.) Read the requirements. Sterling's dividend would be divided between preferred
Sterling Trust has the following classes of stock: (Click the icon to view the data.) Read the requirements. Sterling's dividend would be divided between preferred and common stockholders in this manner: Requirements Data table 1. Sterling declares cash dividends of $30,000 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 Sterling passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $45,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? 3. Assume the preferred stock is noncumulative and Sterling passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $45,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? Preferred Stock7\%, \$13 Par Value; 7,000 shares authorized, 5,500 shares issued and outstanding Common Stock- $0.20 Par Value; 2,300,000 shares authorized, 1,200,000 shares issued and outstanding
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