Question: Question 7 10 pts Flowers Inc. has both common and preferred stock. There are 60,000 shares of $3 par common stock outstanding and 1,500 shares

Question 7 10 pts Flowers Inc. has both common and preferred stock. There are 60,000 shares of $3 par common stock outstanding and 1,500 shares of $17 par. 9% noncumulative preferred stock outstanding. The company did not pay any dividends in 2019. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2020 $5,400 2021 $1,200 2022 $2,700 YEAR PREFERRED COMMON 2020 Select Select) > 2021 Select

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