A company had stock outstanding as follows during each of its first three years of operations:...

Transcribed Image Text:

A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 8%, $100 par, cumulative preferred stock and 58,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year Dividends 1 2 3 $24,000 32,000 65,940 tA tA A Total Preferred A $ tA Per Share $ $ $ Total Common $ $ tA Per Share A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 8%, $100 par, cumulative preferred stock and 58,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year Dividends 1 2 3 $24,000 32,000 65,940 tA tA A Total Preferred A $ tA Per Share $ $ $ Total Common $ $ tA Per Share