Question
Wades outstanding stock consists of 42,000 shares of cumulative 9.50% preferred stock with a $10 par value and also 105,000 shares of common stock with
Wades outstanding stock consists of 42,000 shares of cumulative 9.50% preferred stock with a $10 par value and also 105,000 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 $ 32,000 2012 36,150 2013 64,900 2014 89,900
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 $ $
Determine 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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