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The Scott Corporation has outstanding 10,000 shares of 10%, $50 par value, cumulative, nonparticipating preferred stock and 80,000 shares of $10 par value common stock.

The Scott Corporation has outstanding 10,000 shares of 10%, $50 par value, cumulative, nonparticipating preferred stock and 80,000 shares of $10 par value common stock. The board of directors voted to distribute $45,000 as dividends in 2017, $65,000 in 2018, and $85,000 in 2019. Compute the amounts below.

  1. Total dividend paid to preferred stockholders in 2017. _____
  2. Total dividend paid to common stockholders in 2017. _____
  3. Total dividend paid to preferred stockholders in 2018. _____
  4. Total dividend paid to common stockholders in 2018. _____
  5. Total dividend paid to preferred stockholders in 2019. ______

Total dividend paid to common stockholders in 2019.

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