Calculate the amounts that went to the preferred

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Reference no: EM13937571

Distribute dividend between preferred and common shareholders.

Framer Company has 4,000 shares of 9%, $100 par, cumulative preferred stock outstand ing and 10,000 shares of $1 par value common stock outstanding. The company began op erations on January 1, 2008. The cash dividends declared and paid during each of the first 3 years of Framer's operations are shown. Calculate the amounts that went to the preferred and the common shareholders (SHs) each year.

Year	Total Dividends Paid	Dividends to Preferred SHs	Dividends to Common SHs
2008	$120,000
2009	60,000
2010	80,000

Reference no: EM13937571

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