The Northwest Corporation has outstanding 20,000 shares of 12 percent, $50 par-value, noncumulative, nonparticipating preferred stock and 80,000 shares of $10 par-value common stock. The board of directors voted to distribute $60,000 as dividends in 2010, $140,000 in 2011, and $200,000 in 2012. 

Compute the following: 

1. Amount paid on each share of preferred stock in 2010. 

2. Amount paid on each share of common stock in 2010. 

3. Amount paid on each share of preferred stock in 2011. 

4. Amount paid on each share of common stock in 2011. 

5. Amount paid on each share of preferred stock in 2012. 

6. Amount paid on each share of common stock in 2012. Be sure to include all 6 answers.

Answer rating: 100% (QA)

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