Reference no: EM132487305

Jacklie Syndicate began operations on January 1, 2016. The company has the following items included in the stockholders' equity section of its balance sheet on December 31, 2016, December 31, 2017, and December 31, 2018.

8% Preferred Stock, $100 par,                    100,000 shares authorized,
24,000 shares issued and outstanding          $2,500,000
Common Stock S3 par,                               500,000 shares authorized;
150,000 shares issued and outstanding         450,000
Additional paid-in capital                             2,250,000

Total dividends            declared and paid were
during 2016                       $170,000
during 2017                       $212,000
during 2018                         $294,000

Question A. If jacklie Syndicate's preferred stock were cumulative, how much of the 2017 dividends would have been distributed to Preferred Stock?

Question B. How much of the 2018 dividends would have been distributed to Common Stock?