Answer Happy

Sweet Company's outstanding stock consists of 1,900 shares of cumulative 5% preferred stock with a $100 par value and 10,900 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends Dividends Declared & Paid Year 1 $ 2,900 Year 2 $ 6,900 Year 3 $ 36,500 The amount of dividends paid to preferred and common shareholders in year 3 is
The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice O $28,500 preferred: $8,000 common. $0 preferred: $36,500 common. $9,500 preferred: $27,000 common. $18,700 preferred: $17,800 common. $36,500 preferred; $0 common.