Question - A company had stock outstanding as follows during each of its first four years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule.
|
|
Preferred
|
Common
|
|
Year
|
Dividends
|
Total
|
Per Share
|
Total
|
Per Share
|
|
1
|
$10,000
|
$10,000
|
$4.00
|
0
|
0
|
|
2
|
25,000
|
25,000
|
10.00
|
0
|
0
|
|
3
|
60,000
|
40,000
|
16.00
|
$20,000
|
$.40
|
|
4
|
120,000
|
?
|
?
|
?
|
?
|