Question: q2 need help Lilly inc. is in its second year of operations. Lilly inc. has 140,000 shares of $1 par value common stock outstanding and

q2 need help
q2 need help Lilly inc. is in its second year of operations.

Lilly inc. is in its second year of operations. Lilly inc. has 140,000 shares of $1 par value common stock outstanding and 9,200 shares of 9%,$45 par value. preferred stock outstanding. Lilly inc. announced $59,600 in cash dividends to be paid in the current year. Last year, Lilly inc. did not announce any dividends to its shareholders. In total, how much of this year's $59,600 dividend will Lilly's common shareholders receive if the preferred stock is non-cumulative? $ (Enter your answer to the nearest dollar) In total, how much of this year's $59,600 dividend will Lilly's common shareholders receive if the preferred stock is cumulative? $ (Enter your answer to the nearest dollar)

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