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Supreme Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022: (Click the icon to view the data.) Supreme Manufacturing has paid
Supreme Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022: (Click the icon to view the data.) Supreme 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 $100,000 in 2021 and $300,000 in 2022. Data table Stockholders' Equity Preferred stock, cumulative, $3.00 par, 4%, 55,000 shares issued Common stock, $0.35 par, 9,230,000 shares issued 165,000 3,230,500 Begin with 2021. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 if total dividends are $100,000. 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 $300,000 in 2022. Preferred stock Common stock Total 2022 Dividends
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