What amounts were payable on each class of stock

Reference no: EM13146069

At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000. Cash dividends declared in 2012 totaled $30,000. What amounts were payable on each class of stock?

Reference no: EM13146069

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