Question:
Dividends over a six year period include
2002, $40,000
2003, $18,000
2004, $24,000
2005, $27,000
2006, $65,000
2007, $54,000
During this entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative, nonparticipating, 6% preferred stock, $20 par.
And 40,000 shares of common stock, $1 par.
I want to calculate the total dividends and per-share dividends declared on each class of stock for each of the six years.