Will Rate

AND

Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 61,000 shares 5,500 shares $1 par value $60 par, $3 dividend The amount available for dividends this year is $56,760 Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places Nguyen Company Dividend Allocation Total amount available for dividends Dividends to preferred stock: 5,500 shares Amount available for common stock Dividends per share: Preferred stock Common stock