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Russell Company has stock outstanding consisting of 100,000 shares of cumulative 3% preferred stock with...

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Accounting

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Russell Company has stock outstanding consisting of 100,000 shares of cumulative 3% preferred stock with a $25.00 par value and also 200,000 shares of common stock. Russell declared and paid dividends as follows: 2022: $60,000; Year 2023: $60,000; Year 2024 $160,000; Year 2025: $100,000 (1) Determine the amount of dividends paid each year to each of the two classes of stock: preferred and common. ALSO (2)compute the per share dividend paid each year to each of the two classes of stock. Show the work how you came up with the answers

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