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X Corporation has outstanding 1000 shares of $100 par, 10 percent preferred stock, and 6000 shares of $20 par value common stock. X Corporation paid
X Corporation has outstanding 1000 shares of $100 par, 10 percent preferred stock, and 6000 shares of $20 par value common stock. X Corporation paid out dividends for the last four years as follows: 2015, $9,000; 2016, $10,000; 2017, $17,000; 2018, $33,000. If the preferred stock is noncumulative and nonparticipating, the allocation of 2018 dividends between preferred and common stock was
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