E10-32A. (Learning Objective 4: Calculate dividends on preferred and common stock) Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019 A1 Stockholders' Equity 2 Preferred stock, cumulative, $4.00 par, 5%, 70,000 shares issued 3 Common stock, $0.05 par, 9,250,000 shares issued 280,000 462,500 E10-32A. (Learning Objective 4: Calculate dividends on preferred and common stock) Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019 A1 Stockholders' Equity 2 Preferred stock, cumulative, $4.00 par, 5%, 70,000 shares issued 3 Common stock, $0.05 par, 9,250,000 shares issued 280,000 462,500