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Sun, Inc., has 2,500 shares of 8% $100 par value cumulative preferred stock authorized, 1,500 shares issued and 1,000 shares outstanding. It also has 200,000
Sun, Inc., has 2,500 shares of 8% $100 par value cumulative preferred stock authorized, 1,500 shares issued and 1,000 shares outstanding. It also has 200,000 shares of $10 par value common stock issued and 120,000 shares issued and outstanding. No dividends have been declared or paid during 2010, 2011 or 2012. As of December 31, 2013, it declared $200,000 in dividends. How much dividends will the preferred and common stockholders receive in each of the following years: 2010, 2011 2012 2013.
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