Answer Happy

Question 9 of 20 < > 0.19/5 2 : Show Attempt History Current Attempt in Progress Shamrock Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 46,000 shares of $5 par value preferred stock and 420,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends: 2018 $8,200 2019 $34,000 2020 $70,500 (a) Your answer is partially correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and not cumulative. Preferred Common Total 2018 $ $ 0 $ 2019 2020