Wade’s outstanding stock consists of 44,000 shares of
cumulative 5.50% preferred stock with a $10 par value and
also 110,000 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.

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Question: Wade’s outstanding stock consists of 44,000 shares of cumulative 5.50% preferred stock with a $10…
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  2011 $ 19,000
  
  2012 20,075   
  2013 51,700   
  2014 79,200   

   

Determine the amount of dividends paid each year to each of the
two classes of stockholders: preferred and common. (Leave
no cells blank – be certain to enter “0” wherever required. Omit
the “$” sign in your response.)

   

    Preferred Common
2011 $        $        
2012 $        $        
2013 $        $        
2014 $        $        

   

Determine the total dividends paid to each class for the four
years combined. (Omit the “$” sign in your
response.)

    

     Preferred Common
  Total dividends for
four years
$        $       

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