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The outstanding capital stock of 5plish Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 4,900 shares of $50 par value common.
The outstanding capital stock of 5plish Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 4,900 shares of $50 par value common. Assuming that the company has retained eamings of $92,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during th cenditions 2 years preceding the current year, state how much each dlass of stock should receive under each of the following (a) The preferred stock is noncunulative and nonparticipating. (Round answers to decmal places, e.g. $38,487.) Preferred (b) The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimial places,e.g.$38,487.) Preferred Common (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places,e.u.1.4278%. Round answers to 0 decimal places, e.g. $38,487.) Preferred
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