Superb Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022:

Superb Manufacturing has paid all preferred dividends only through 2018.

Requirement

1.	Calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022 if total dividends are $30,000 in 2021 and $75,000 in 2022.

Begin with 2021.

Calculate the total amounts of dividends to both preferred and common stockholders for 2021 if total dividends are $30,000.

	2021 Dividends
Preferred stock
Common stock
Total

Calculate the total amounts of dividends to both preferred and common stockholders for 2022 if total dividends are $75,000 in 2022.

	2022 Dividends
Preferred stock
Common stock
Total

Stockholders' Equity

Preferred stock, cumulative, $1.50 par, 10%, 65,000 shares issued $97,500

Common stock, $0.05 par, 9,110,000 shares issued 455,500