Question - Tucker Exports has the following stock outstanding:
25,000 shares of $80 par value, 6% cumulative preferred stock
150,000 shares of $2.50 par value, common stock
The company declares and pays the following dividends for the past four years:
2011 $ 65,000
2012 $412,000
2013 $303,000
2014 No dividends are paid
Compute the total cash dividends paid to each class of stock in 2011 through 2014.