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Stockholder's Equity Preferred stock, cumulative, $4 par (Note 7), 30,000 shares issued and outstanding $120,000...

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Accounting

Stockholder's Equity

Preferred stock, cumulative, $4 par (Note 7), 30,000 shares issued and outstanding $120,000

Common stock, $0.60 par, 160,000 shares issued and outstanding 96,000

Note 7. Preferred stock: Designated annual cash dividend per share, $0.70.

1. Compute the dividends to preferred and common shareholders for 2017. if total dividends are $ 75 comma 000$75,000 in 2017.

Class of Stock

2017

Preferred

Common

Total

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