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Western Telecom, Inc., has the following stockholders' equity: (Click on the icon to view the stockholders' equity data.) Requirement 1. Assume the preferred stock is
Western 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 $19,000 in 2018 and $51,000 in 2019 Compute the dividends for 2018, then for 2019. (Complete all answer boxes. Enter a "0" for any zero balances.) Class of Stock 2018 2019 Preferred 19,000 Common 19,000$ 51,000 Total Western Telecom, Inc. Stockholders' Equity Paid-in capital: Preferred stock, 1096, $10 par, 100,000 shares authorized, 250,000 25,000 shares issued and outstanding Common stock, $5.00 par, 500,000 shares authorized, 1,750,000 600,000 2,600,000 350,000 shares issued and outstanding Paid-in capital in excess of par-common Total paid-in capital Retained earnings 130,000 2,730,000 Total stockholders' equity
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