I'm having difficulty trying to figure out how to do a dividend distribution of a corporation. This is not a homework question!
This is the information I have on the topic:
Company A had the following stock outstanding during each of its 5 year operation:
50,000 shares of 6%, $100-par-value, cumulative, nonparticipating preferred.
200,000 shares of $10-par-value common.
The net income and the amounts distributed as dividends during the first 5 years of the company were:
Year 1: $240,000
2: $320,000
3: $500,000
4: $890,000
5: $760,000
What is the total preferred dividend paid in year 2?
What is the total preferred dividend per share paid in year 3?
What is the total common dividend paid in year 4?
What is the total common dividend per share paid in year 5?