Xolo 6 Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. iple Attempts Not allowed. This test can only be taken once. ce Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave ti- Your answers are saved automatically. emaining Time: 1 hour, 57 minutes, 41 seconds. Question Completion Status: L A Moving to another question will save this response. Question 1 (4 Marks) Hamala Corporation has the following: - Preferred stock, s10 par value, 8%, 70,000 shares issued $ 700,000 - Common stock, $20 par value, 100,000 shares issued and outstanding $ 2,000,000 In 2019, The company declared and paid $40,000 of cash dividends. In 2020. The company declared and paid $200,000 of cash dividend. Required: Calculate the total cash dividends that will be distributed to preferred and common stockholders, assuming the SHOW YOUR CALCULATION CLEARLY For the toolbar, press ALT+F10 (PC) or ALT+FN+F10(Mac). Xolo 6 Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. iple Attempts Not allowed. This test can only be taken once. ce Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave ti- Your answers are saved automatically. emaining Time: 1 hour, 57 minutes, 41 seconds. Question Completion Status: L A Moving to another question will save this response. Question 1 (4 Marks) Hamala Corporation has the following: - Preferred stock, s10 par value, 8%, 70,000 shares issued $ 700,000 - Common stock, $20 par value, 100,000 shares issued and outstanding $ 2,000,000 In 2019, The company declared and paid $40,000 of cash dividends. In 2020. The company declared and paid $200,000 of cash dividend. Required: Calculate the total cash dividends that will be distributed to preferred and common stockholders, assuming the SHOW YOUR CALCULATION CLEARLY For the toolbar, press ALT+F10 (PC) or ALT+FN+F10(Mac)