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Business, 17.12.2019 22:31 datboi995

Halverstein company's outstanding stock consists of 7,600 shares of cumulative 5% preferred stock with a $10 par value and 3,600 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends.

year dividend declared
2016 $ 0
2017 $ 6,600
2018 $ 38,000

the amount of dividends paid to preferred and common shareholders in 2018 is:

a.$9,600 preferred; $28,400 common.
b.$4,800 preferred; $33,200 common.
c.$8,600 preferred; $29,400 common.
d.$1,000 preferred; $37,000 common.
e.$3,800 preferred; $34,200 common.

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