Tri County Communications, Inc., has the following stockholders? equity:

Requirements

Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 2018 and 2019 if total dividends are $4,000 in 2018 and $47,000 in 2019.

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Tri County Communications, Inc. Stockholders' Equity Paid-in Capital: Preferred Stock, 4%, $110 par, 100,000 shares authorized, 25,000 shares issued and outstanding Common Stock, $0.50 par, 500,000 shares authorized, 390,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 250,000 195,000 650,000 1,095,000 190,000 $1,285,000