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What are the dividends received by the preferred and common

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Bonita, Inc. has 10800 shares of 4%, $100 par value, noncumulative preferred stock and 108000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $49000 dividend in 2019.

In 2020, $109200 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020?

Reference no: EM132316984

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