TB MC Qu. 11-148 (Algo) Fargo Company... Fargo Company's outstanding stock consists of 750 shares of noncumulative 5% preferred stock with a $10 par value and 4,400 shares of common stock with a $1 par value. During the first three years of operation corporation declared and paid the following total cash dividends year 1 year 2 year 3 Dividenda Declared & Paid $31,000 $9,000 $40,000 The amount of dividends paid to preferred and common shareholders in year 1 is: Mumple Choice $7.500 preferred $23.500 12535055.250 comm $15.500 ed. $15.500 comm $31.000 profeet 50 common Next >> TB MC Qu. 11-148 (Algo) Fargo Company... Fargo Company's outstanding stock consists of 750 shares of noncumulative 5% preferred stock with a $10 par value and 4,400 shares of common stock with a $1 par value. During the first three years of operation corporation declared and paid the following total cash dividends year 1 year 2 year 3 Dividenda Declared & Paid $31,000 $9,000 $40,000 The amount of dividends paid to preferred and common shareholders in year 1 is: Mumple Choice $7.500 preferred $23.500 12535055.250 comm $15.500 ed. $15.500 comm $31.000 profeet 50 common Next >>