Reference no: EM13949604
Wade's outstanding stock consists of 45,000 shares of cumulative 10.00% preferred stock with a $10 par value and also 112,500 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........ $ 36,000
2012....... 39,000
2013....... 85,000
2014....... 125,000
Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank - be certain to enter 0 wherever required. Omit the $ sign in your response.)Preferred Common
2011 $ 36,000 $ 0
2012 $ 48,000-INCORRECT $ 0
2013 $ 45,000-INCORRECT $ 40,000 -INCORRECT
2014 $ 45,000 $ 80,000
Determine the total dividends paid to each class for the four years combined. (Omit the $ sign in your response.)