Refer to the information in question 1.
In Question 1
10% cumulative preferred stock, $100 par ................ $ 500,000
Common stock, $10 par ..................................... 1,000,000
Additional paid-in capital .................................... 600,000
Retained earnings .............................................. 400,000
Total Stockholders' Equity .................................... $2,500,000
Assume that Son pays two years' preferred dividend requirements during the current year. Would this affect your computation of Pop's investment income for the current year? If so, recompute Pop's investment income.