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Sheridan had 9,800 shares of 3%, $8 par value preferred stock and 57,000 shares of...

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Accounting

Sheridan had 9,800 shares of 3%, $8 par value preferred stock and 57,000 shares of $0.50 par value common stock outstanding throughout 2014. Total dividends declared in 2014 were $9,800. The preferred stock is cumulative with no dividends paid during 2012 and 2013. Determine the amount of dividends to be paid to the common and preferred stockholders in 2014.

Common Stockholders $
Preferred stockholders $

Preferred stockholders $enter a dollar amount

$enter a dollar amount

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