Wade's outstanding stock consists of 58,000 shares of cumulative 5.00% preferred stock with a $10 par value and also 145,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.
- 2011 $ 23,000
- 2012 24,875
- 2013 56,500
- 2014 84,000
Determine the amount of dividends paid each year to each of the two classes of stockholders.
Preferred Common
- 2011 $ $
- 2012 $ $
- 2013 $ $
- 2014 $ $
Determine the total dividends paid to each class for the four years combined.
- Preferred Common
- Total dividends for four years $ $