Refer to the data in practice 13-1. Compute the total dividends paid to preferred shareholders and to common shareholders in both years, assuming that the preferred stock is cumaltative.

The company has 10,000 shares of 66% 1 100 par preferred stock outstanding. In Common stock outsidnding. The company addition the company has 100,000 shares of started business on January 1, 2014. Total cash duuidonda paid during day and 2015 were $45,000 and $100,000, respectively. Compute the total dividends paid to preferred shareholders and to common shareholders for both years, assuming that the preferred stock 2 Refer to the data in practice 1st Compute the total dividends paid to preferred shareholders and to common Shareholders in botn years, assuming that the preferred stock is cumulative