Lbrary inc has 2500 shares of 4 50 par value cumulative

Reference no: EM13600962

Library, Inc. has 2,500 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2011, and December 31, 2012. The board of directors declared and paid a $4,000 dividend in 2011. In 2012, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2012?

Reference no: EM13600962

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