Compute the total cash dividends paid to each class

Reference no: EM131020770

Ferriss Imports has the following stock outstanding:
15,000 shares of $90 par value, 8% cumulative preferred stock
100,000 shares of $2 par value, common stock

The company declares and pays the following dividends for the past four years:

2009 $ 50,000
2010 $318,000
2011 $262,000
2012 No dividends are paid

Compute the total cash dividends paid to each class of stock in 2009 through 2012.

Reference no: EM131020770

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