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Lopez, Inc. has 2,000 shares of 4%, $50 par value, cumulative preferred stock and 50,000...

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Accounting

Lopez, Inc. has 2,000 shares of 4%, $50 par value, cumulative preferred stock and 50,000
shares of $1 par value common stock outstanding at December 31, 2009, and December
31, 2010. The board of directors declared and paid a $3,000 dividend in 2009. In 2010,
$15,000 of dividends are declared and paid. What are the dividends received by the
preferred and common shareholders in 2010?

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