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Weston Company issued and has outstanding 58,800 shares of $10 par-value common stock and 2.100 shares of $50 par-value 20 percent preferred stock. The board
Weston Company issued and has outstanding 58,800 shares of $10 par-value common stock and 2.100 shares of $50 par-value 20 percent preferred stock. The board of directors votes to distribute $5,250 as dividends in 2019, $7,350 in 2020, and $138,600 in 2021. Compute the total dividend and the dividend for each share paid to preferred stockholders and common stockholders each year under the following assumed situations. Case A: The preferred stock is nonparticipating and noncumulative. Case B: The preferred stock is cumulative and nonparticipating, Analyze: If a stockholder purchased 260 shares of cumulative preferred stock in 2019, what total dividends should be paid to this stockholder in the fiscal year 2021, assuming Case B? Complete this question by entering your answer in the tabs below. Case A Case B Analyze Compute the total dividend and the dividend for each share paid to preferred stockholders and common stockholders each year under the above assumed situations. (Round your pershare answers to 2 decimal places.) Year Total Dividends Preferred Stock Total Per Share Common Stock Total Per Share 2019 2020 2021 Case A Case B Analyze Compute the total dividend and the dividend for each share paid to preferred stockholders and common stockholders each year under the abovb assumed situations. (Round your pershare answers to 2 decimal places.) Year Total Dividends Preferred Stock Total Per Share Common Stock Total Per Share 2019 2020 2021 Case A Case B Analyze If a stockholder purchased 260 shares of cumulative preferred stock in 2019, what total dividends should be paid to this stockholder in the fiscal year 2021, assuming Case B? Dividend paid
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