Prairie fire snowmobile corp manufactures and sells

Reference no: EM13583039

Prairie Fire Snowmobile Corp. manufactures and sells snowmobiles in Wisconsin, Minnesota and the Dakotas. A publicly owned corporation, the company's outstanding stock consisted of 25,000 shares of 10%, 20 par cumulative Preferred Stock and 100,000 shares of Common Stock in the years 20X1 %u2013 20X6. Prairie Fire has declared the following annual dividends over the six-year period: 20X1 none; 20X2 $ 100,000; 20X3 $ 150,000; 20X4 $ 120,000; 20X5 $ 25,000; and 20X6 $ 95,000. Calculate the total dividends and the per-share dividends for each class of stock for each of the six years. Include a column for dividends in arrears.

Reference no: EM13583039

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