The following elements of stockholders€™ equity are adapted from the balance sheet of Sandler Marketing, Corp.

Sandler paid no preferred dividends in 2011.
Requirement
1. Compute the dividends to the preferred and common shareholders for 2012 if total dividends are$195,000.

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SANDLER MARKETING, CORP. Stockholders' Equity Preferred stock, 7% cumulative, $2 par, 75,000 shares authorized, issued and outstanding Common stock, $0.10 par, 10,250,000 shares authorized, 9,500,000 shares issued and outstanding $ 150,000 950,000