Smith Jones Marketing company has 3,000 shares of 9% of 60 par, cumulative prfered stock outstanding 4,900 shares of 3.75 par common stock, the company began operations on April 1st, 2010. The cash dividens were declared and paid each of the firsy three years of smith marketing are shown.
Calculate the amounts that went to prefered and common shareholders.
Prefered Dividens Common Dividens
March 31st, 2010
March 31, 2011
march 31, 2012