Question

There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,500 shares of common stock outstanding. The common stock cash dividend is $.50 per share, and total dividends of $50,000 are distributed. Remaining dividends are shared equally between common and preferred stockholders. Round your answers to two decimal places, if necessary.

Answer 1

Answer:

add the answers then subtract

Step-by-step explanation:

hope this is right