Determing the amount of total dividends

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On january 1 2004 a corporation issued 25000 shares of %10 $50 par cumulative preferred stock and 50000 shares of $30 par common stock. Cash dividends declared by the board were as follows. Determing the amount of total dividends and dividends per share for preferred stockholders and common stockholders.

2004 none

2005 $100,000

2006 $275,000

2007 $305,000

2008 $355,000

Year

Total Preferred

Per share Preferred

Total common

Per share common

2004





2005





2006





2007





2008





 

Reference no: EM13509387

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