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Sterling Trust has the following classes of stock: (Click the icon to view the data.) 1. Sterling declares cash dividends of $15,000 for 2016. How
Sterling Trust has the following classes of stock: (Click the icon to view the data.) 1. Sterling declares cash dividends of $15,000 for 2016. 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 2014 and 2015. In 2016, the company declares cash dividends of $44,000. 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 2014 and 2015. In 2016, the company declares cash dividends of $44,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders
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