Total cash dividends problem

Reference no: EM13133068

Nortan's outstanding stock consists of (a) 32,000 shares of noncumulative 8.00% preferred stock with a $10 par value and (b) 80,000 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.

a) 2009 $20,000

b) 2010 21,000

c) 2011 120,000

d) 2012 197,000

Reference no: EM13133068

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