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Preferred and Common Stock Dividends Delafield Corporation has a single class of common stock and...

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Accounting

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Preferred and Common Stock Dividends Delafield Corporation has a single class of common stock and a single class of cumulative preferred stock. The cumulative preferred stock requires the corporation to pay an annual dividend of $15,000 to preferred stockholders. On January 1, 2023, Delafield's preferred dividends were 1 year in arrears. During the 3 years (2023-2025). Delafield's board of directors determined they would be able to pay $22,000, $25,000, and $25,000, respectively. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. Open spreadsheet Required: Show how these anticipated payments will be split between preferred and common stockholders. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Amount Available for Dividends Dividends Dividends to Preferred to Common Remaining in Arrears Year 2022 BEDD 2023 2024 2025

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