Tri State Communications has the following stockholders equity: Requirement 1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common

Tri State Communications has the following stockholders’ equity:

Requirement
1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 201 2 and 2013 if total dividends are $28,800 in 2012 and $46,000 in2013.

Tri State Communications Stockholders' Equity Paid-in Capital: Preferred Stock, 10%, $12 par, 100,000 shares authorized. $ 312,000 26,000 shares issued and outstanding Common Stock, $0.50 par, 500,000 shares authorized, 310,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders'Equity 155,000 650,000 1,117,000 170,000 $1,287,000