Reference no: EM13793548

Barista corporation has been incorporated for 30 years. it's current paid in capital is shown to the right. Batista has been expanding its operations it's board of directors declared a small dividend of 7900 in 2009 and no dividend in 2010. the expansion was a success and profits have increased. on December 3,2011 the board of directors declared a dividen of 726300 to stockholders on recorded at December 22, 2011 to be paid on December 29,2011. preferred stock $20 par, 7%, 18,000 shares authorized. 11000 shares issued and outstanding $220,000 common stock $3 par 300000 shares authorized. 225000 shares issued 215000 shares outstanding. 675,000. additional paid in capital preferred stock 154,000 additional paid in capital common stock 258,000 total paid in capital 1,307,000 determined the annual preferred dividend assuming the number of shares of preferred stock issued and outstanding has not changed for the past three years and the arrears for 2009 and 2010. then calculate the 2011 distribution of dividend. 2011 declared dividend and the arrears for 2009 2010 2011 total preferred dividends dividend to common stock