Wades outstanding stock consists of 58000 shares of

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Reference no: EM13600599

Wade's outstanding stock consists of 58,000 shares of cumulative 5.00% preferred stock with a $10 par value and also 145,000 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.

2011 $ 23,000
2012 24,875
2013 56,500
2014 84,000

Determine the amount of dividends paid each year to each of the two classes of stockholders.
Preferred Common

2011 $ $
2012 $ $
2013 $ $
2014 $ $

Determine the total dividends paid to each class for the four years combined.

Preferred Common
Total dividends for four years $ $

Reference no: EM13600599

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