Township inc has 10000 shares of 5 100 par value

Reference no: EM13600963

Township, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2012, and December 31, 2013. The board of directors declared and paid a $50,000 dividend in 2012. In 2013, $110,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2013?

Reference no: EM13600963

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