Reference no: EM132599746
Question - Loki Enterprises has the following stockholders' equity section of the 2004 balance sheet:
Stockholders' Equity 8% Preferred Stock, par value, $85, 8600 shares issued and outstanding $ 731000
Common Stock, par value, $12 108000 shares issued and outstanding 1296000
Additional Paid-in Capital 2487672
Retained Earnings 1108737
Total Stockholders' Equity $ 5623409
Loki Enterprises declared and paid a $389000 cash dividend. The preferred stock is cumulative. The last time that preferred stock dividends were paid was in 2001.
1) Compute the total dividend that is paid to the preferred stockholders.
2) Compute the total dividend that is paid to the common stockholders.
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