Answer:
12,000 dividends for preferred stock
6,000 dividends for common stock
Explanation:
1000 shares $100 = $100,000 preferred stock
preferred dividend: 100,000 x 6% = 6,000
2020 no dividends preferred stock acumulates 6,000
2021 18,000 dividends delcared
-6,000 preferred stock dividend for 2021
<u> - 6,000 preferred stock dividend for 2020</u>
6,000 dividends for common stock
Total preferred 6,000 + 6,000 = 12,000
