During the entire period ending dec 31 of each year the

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During the entire period ending Dec 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative 4% preferred stock, $100 par, &100,000 shares of common stock, $25 par. Calulate the total dividends & per share dividends declared on each class of stock for each of the 6 years. There were no dividends in arrears on Jan 1, 2007. Summarize data in tabular form.
Total Preferred Dividends Common Dividends.Year Dividends Total Pershare Total Pershare

2007 $32,000
2008 $96,000
2009 $160,000
2010 $192,000
2011 $240,000
2012 $296,000

Reference no: EM13602530

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