Using the information below fill in the chart distributing the dividends between preferred and common stockholders under cumulative and non-cumulative preferred stock

Dividend Homework #2 Using the information below fill in the chart distributing the dividends between preferred and common stockholders under cumulative and non-cumulative preferred stock A company has 20,000 shares of $100 par 6% cumulative preferred stock and 50,000 shares of 51 par common stock and pays out the following: Preferred Common Year Total 201 6 1 00, 000 201 7 250, 000 201 8 90, 000 201 9 300, 000 A company has 20,000 shares of $100 par 6% non-cumulative preferred stock and 50,000 shares of 51 par common stock and pays out the following: Preferred Common Year Total 2016 100,000 2017 250,000 2018 90,000 2019 300,000 On May 31 XYZ Company declared a $0.25 per share cash dividend to be paid on June 15 to shareholders of record on June 10. There were 100,000 shares of common stock authorized, 45,000 issued and 40,000 outstanding