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  • Jan 30, 2013, 06:56 PM
    troubleletter
    Wade’s outstanding stock consists of 14,000 shares of noncumulative 5.20% preferred s
    Wade’s outstanding stock consists of 14,000 shares of noncumulative 5.20% preferred stock with a $10 par value and also 35,000 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 $ 6,000
    2012 24,000
    2013 100,000
    2014 190,000

    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.)

    Preferred Common
    2011 $ $
    2012 $ $
    2013 $ $
    2014 $ $

    Compute the total dividends paid to each class for the four years combined. (Omit the "$" sign in your response.)

    Preferred Common
    Total dividends for four years $ $

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