On january 1 2004 a corporation issued 25000 shares of %10 $50 par cumulative preferred stock and 50000 shares of $30 par common stock. Cash dividends declared by the board were as follows. Determing the amount of total dividends and dividends per share for preferred stockholders and common stockholders.
2004 none
2005 $100,000
2006 $275,000
2007 $305,000
2008 $355,000
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Year
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Total Preferred
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Per share Preferred
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Total common
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Per share common
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2004
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2005
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2006
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2007
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2008
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