Preferred is 46900 (11200 dividend in arrears + 35700)
Common is 18800
I just want to be sure the i did this correctly
Wade’s outstanding stock consists of 42,000 shares of cumulative 8.50% preferred stock with a $10 par value and also 105,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.
2011 $ 29,000
2012 31,200
2013 65,700
2014 95,700
determine the amount paid each yar to each of the two stockholders
Preferred Common
2011 $ 29,000 $ 0
2012 $ 31,200 $ 0
2013 $ 37,900 $ 27,800
2014 $ 35,700 $ 60,000
