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Chrissy00
Mar 3, 2013, 08:24 AM
***I've figured out how to do everything else expect for the 2013 section. I thought it would be Preferred 47,200 and Common 30,000 but I tried it and it was wrong so can someone please explain to me how to the 2013 section? Thanks***

Dividends on common and cumulative preferred stock L.O. C2
Wade’s outstanding stock consists of 59,000 shares of cumulative 8.00% preferred stock with a $10 par value and also 147,500 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 $ 38,000
2012 $ 42,700
2013 $ 77,200
2014 $ 107,200

Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)


**** >>>>(I need help with this bottom section... the 2013 part)<<<*****
Preferred Common
2011 $ 38,000 $ 0
2012 $ 42,700 $ 0
2013 $? $?
2014 $ 47,200 $ 60,000