(Answered) Question - a company had stock outstanding as follows

Accounting

Question - A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule.

YEAR	DIVIDENDS	PREFERRED		COMMON
YEAR	DIVIDENDS	TOTAL	PER SHARE	TOTAL	PER SHARE
1	$10,000
2	$25,000
3	$60,000

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