Quick Industries Inc. has 4,000 shares of 5% $20par preferred stock and 150,000 shares of $1 par common stock outstanding. During a four year period, Quick Industries declared the following dividends:
Year Amount
2008 $ 5,500
2009 $ -
2010 $ 8,500
2011 $ 15,000
Compute the dividends paid to preferred and common stock for each of the four years