Reference no: EM131800886

Problem

Supreme Manufacturing, Inc., reported the following at December 31,2014and December 31,2015. Supreme Manufacturing has paid all preferred dividends through 2011. Requirement

Stockholders' Equity

Preferred stock, cumulative, $4.00 par, 4%, 80,000 shares issued $320,000
Common stock, $0.35 par, 9,210,000 shares issued 3,223,500

1. Compute the total amounts of dividends to both preferred and common stockholders for 2014 and 2015 if total dividends are $ 110,000 in 2014 and $ 231,000 in 2015.

Begin with 2014. Compute the total amounts of dividends to both preferred and common stockholders for 2014 if total dividends are $ 110,000.