Question
Wades outstanding stock consists of 39,000 shares of noncumulative 5.20% preferred stock with a $10 par value and also 97,500 shares of common stock with
Wades outstanding stock consists of 39,000 shares of noncumulative 5.20% preferred stock with a $10 par value and also 97,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. |
2011 | $ | 16,000 |
2012 | 23,000 | |
2013 | 110,000 | |
2014 | 196,000 | |
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) |
Preferred | Common | |
2011 | $ | $ |
2012 | $ | $ |
2013 | $ | $ |
2014 | $ | $ |
Compute the total dividends paid to each class for the four years combined. (Omit the "$" sign in your response.) |
Preferred | Common | |
Total dividends for four years | $ | $ |
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