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Western Co, has outstanding 1,000,000 shares of 7%,510 par value preferred stock and 1,000,000 shares ($20 par value) of common stock outstanding. In 2018, 2019,
Western Co, has outstanding 1,000,000 shares of 7%,510 par value preferred stock and 1,000,000 shares (\$20 par value) of common stock outstanding. In 2018, 2019, and 2020, Western paid the following cash dividends: 5600,000,5360,000, and 51,500,000, respectively. Required: In good form, in the table below, show how much dividends went to cach class of stock, for each year, assuming that: a. The preferred stock is cumulntive but non participating b. The preferred stock is cumulative and fully participating e. The preferred stock is cumulative and 408% participating
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