Question

Wade’s outstanding stock consists of 45,000 shares of cumulative 10.00% preferred stock with a $10 par value and also 112,500 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........ $ 36,000 
2012....... 39,000 
2013....... 85,000 
2014....... 125,000 
Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Preferred Common
2011 $ 36,000 $ 0 
2012 $ 48,000-INCORRECT $ 0 
2013 $ 45,000-INCORRECT $ 40,000 -INCORRECT 
2014 $ 45,000 $ 80,000 
Determine the total dividends paid to each class for the four years combined. (Omit the "$" sign in your response.)



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  • CreatedSeptember 19, 2013
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