[RAMON589]

Wade’s outstanding stock consists of 53,000 shares of cumulative 7.00% preferred stock with a $10 par value and also 132,500 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 $ 30,000
2012 32,600
2013 67,100
2014 97,100

Determine the amount of dividends paid each year to each of the two classes of stockholders.

Preferred Common
2011
2012
2013
2014

[pready]

For Preferred stock dividends simply take the number of shares outstanding times the percentage rate times the par value.

For Common stock dividends simply take the total amount of dividends minus the perferred stock dividend.