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I don't understand this. Please explain 2 HEP...

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Accounting

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I don't understand this. Please explain

2 HEP Corporation has 1,000 shares of 8%, $50 par value cumulative preferred stock and 50,000 shares of $10 par value common stock outstanding. gox.099975hore Allocate the dividends for the following years: 2011 2013 2012 $6,000 Dividends declared $3,000 $12,000 Preferred stock 3,000 Common stock 5.000 1000 4 hon- amulative Extra Credit 2

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