The total amount of dividends paid to common stock holders

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Holtz Corporations records show 80,000 shares of preferred stock outstanding. The preferred dividend is $2.00 per share, which is cumulative. The records show 750,000 shares of common stock issued. In 2009, no dividends were issued. In 2010, the board of directors declared a dividend of $582,500. What are (A.) the total amount of dividends paid to preferred stockholders, and (B.) the total amount of dividends paid to the common stock holders?

Reference no: EM13953656

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