Problem:
Love theatre has declared the following dividends over a six year period: 2009- $24,000, 2010- $ 72,000
2011- $114,000; 2012- 144,000 2013- 180,000 and 2014 $216,000. During the entire period ending December 31 of each year , the outstanding stock of the company was composed of 30,000 shares of cumulative, 2% preferred stock, 100 par, and 100,000 shares of common stock, $20par.
Requirement:
Question 1: Calculate the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 2009.
Note: Please show guided help with steps and answer.