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RO Edgewood Corporation had the following...

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Accounting

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RO Edgewood Corporation had the following stock outstanding for years 2016 through 2020: 6% Preferred Stock, $100 par (10,000 shares authorized, 5,000 shares issued Common Stock, $20 par (30,000 shares authorized, 10,000 shares issued and outstanding) The table below presents the cash dividends paid out by Edgewood over the five-year period A. ASSUME THE PREFERRED STOCK IS CUMULATIVE. Calculate the total dividends received by the preferred and common stockholders in each year. Year 2016 2017 2018 2019 2020 Total Dividends Paid $15,000 20,000 50,000 80,000 90,000 P.S. Total Dividends C.S.Total Dividends The following accounts and their balances appear in the ledger of Motor Toys, Inc. on December 31, 2016. Preferred 296 Stock, S50 Par, 20,000 shares authorized Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $3 Par, 400,000 shares authorized Paid-In Capital in Excess of Par-Common Stock Retained Earnings 600,000 80,000 375,000 5,150,000 1. How many shares of preferred stock have been issued? How many shares of common stock have been issued? What is the total dollar amount of Stockholders' Equity? What amount is needed to pay the preferred stock annual dividend

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