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What is amount of dividend received by preferred stockholder

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Problem 1: Anders, Inc., has 15,000 shares of 4%, $100 par value, cumulative non-participating preferred stock and 60,000 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2016. The board of directors declares and pays a $110,000 dividend in 2017 and in 2018. What is the amount of dividends received by the common and preferred stockholders in for 2016, 2017 and 2018?

Reference no: EM132838623

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