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Sunrise Telecom, Inc., has the following stockholders' equity: (Click on the icon to view the stockholders' equity data.) Requirement 1. Assume the preferred stock is
Sunrise Telecom, Inc., has the following stockholders' equity: (Click on the icon to view the stockholders' equity data.) Requirement 1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 2018 and 2019 if total dividends are $28,240 in 2018 and $55,000 in 2019. Compute the dividends for 2018, then for 2019. (Complete all answer boxes. Enter a "0" for any zero balances.) Class of Stock 2018 2019 Preferred Common Total Data Table $ 336,000 Sunrise Telecom, Inc. Stockholders' Equity Paid-in capital: Preferred stock, 9%, $12 par, 100,000 shares authorized, 28,000 shares issued and outstanding Common stock, $2.00 par, 500,000 shares authorized, 340,000 shares issued and outstanding Paid-in capital in excess of par-common Total paid-in capital Retained earnings 680,000 560,000 $ 1,576,000 220,000 Total stockholders' equity $ 1,796,000 Print Done
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