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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