Answer :
Preferred stockholder = $40,000
Common stockholder = $60,000
Explanation :
As per the data given in the question,
Particulars Dividend Amount
Dividend paid to Non-cumulative preferred stock (5,000 × $1000 × 8%) $40,000
Dividend paid to common stockholders ($100,000 - $40,000) $60,000
Total $100,000
Since preference share are non-cumulative in nature therefore if company fails to pay dividend in any year then this dividend can not be claimed by shareholder further.
Hence, Dividend on 8% non-cumulative preferred stock for 2020 lapsed and only $40,000 remained which will be the considered of preferred dividend stock for 2021.
So, $40,000 to preferred stockholder
and the remaining $60,000 is for common stockholder.
