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The Company has 20,000 shares of $100 par, 4% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed
The Company has 20,000 shares of $100 par, 4% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $30,000 Year 2: $75,000 Year 3: $150,000 Determine the correct amounts for Preferred stock: (enter amounts, no currency symbol, example 100,000) Dividend per share $ Dividend in arrears at the end of year 1 $ Dividend in arrears at the end of year 2 $ The sum of total dividends paid to Preferred shareholders for the 3 years $
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