amount of dividend to be paid to preferred stockholders and common stockholder

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Preferred stock, participating, 20,000 shares, P15 par value, 14% dividend rate 300,000
Common stock, 5,000 shares, P20 par value 100,000

The dividend rate declared on the common stock is 12 percent, and dividend declared for the year are 60,000. Determine the amount of dividend to be paid to preferred stockholders and common stockholders. 

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