______________ Your Company has 1,000 shares of $50 par value, 4.5% cumulative and nonparticipating preferred stock and 10,000 shares of $10 par value common stock outstanding. The company paid no cash dividends its first year of operation. In year two it declared a $10,000 dividend to the two classes of stockholders. What is the cash dividend that must be paid to((( preferred )))stockholders in the second year?

2- ______________ Your Company has 1,000 shares of $50 par value, 5% noncumulative and participating preferred stock and 10,000 shares of $10 par value common stock outstanding. The company paid no cash dividends its first year of operation. In year two it declared a $10,000 dividend to the two classes of stockholders. What is the cash dividend that will be paid to(( common)) stockholders in the second year?