Southern Food Corporation has outstanding 60,000 shares of noncumulative, 6 percent, $100 par-value preferred stock and...

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Southern Food Corporation has outstanding 60,000 shares of noncumulative, 6 percent, $100 par-value preferred stock and 90,000 shares of no-par-value common stock. Required: 1. During 20X1, the corporation distributed dividends of $342,000. What amount will be paid on each share of preferred stock? What amount will be paid on each share of common stock? 2. During 20X2, the corporation distributed dividends of $882,000. How much will be paid on each share of preferred stock? How much will be paid on each share of common stock? Note: Round your answers to 2 decimal places. per preferred share 1. Preferred stock, Year 20X1 Common stock, Year 20X1 per common share 2. Preferred stock, Year 20X2 per preferred share Common stock, Year 20X2 per common share Southern Food Corporation has outstanding 60,000 shares of noncumulative, 6 percent, $100 par-value preferred stock and 90,000 shares of no-par-value common stock. Required: 1. During 20X1, the corporation distributed dividends of $342,000. What amount will be paid on each share of preferred stock? What amount will be paid on each share of common stock? 2. During 20X2, the corporation distributed dividends of $882,000. How much will be paid on each share of preferred stock? How much will be paid on each share of common stock? Note: Round your answers to 2 decimal places. per preferred share 1. Preferred stock, Year 20X1 Common stock, Year 20X1 per common share 2. Preferred stock, Year 20X2 per preferred share Common stock, Year 20X2 per common share