Kingdom Corporation has the following $500,000 Preferred stock, $10 par value, 7%, 50,000 shares issued Common stock, $15 par value, 300,000 shares issued and outstanding $4,500,000 - In 2020, The company declared and paid $30,000 of cash dividends In 2021. The company declared and paid $150,000 of cash dividend Required: How much is the TOTAL cash dividends that will be distributed to preferred and common stockholders over the two years, assuming the preferred stock is Non-cumulative Please DO NOT use the "S" and "," signs in you answer. For example, if the right answer is Preferred $10,000 and Common $15,000, it should be :EXACTLY Written as 10000 15000 Preferre Common

Kingdom Corporation has the following $500,000 Preferred stock, $10 par value, 7%, 50,000 shares issued Common stock, $15 par value, 300,000 shares issued and outstanding $4,500,000 - In 2020, The company declared and paid $30,000 of cash dividends In 2021. The company declared and paid $150,000 of cash dividend Required: How much is the TOTAL cash dividends that will be distributed to preferred and common stockholders over the two years, assuming the preferred stock is Non-cumulative Please DO NOT use the "S" and "," signs in you answer. For example, if the right answer is Preferred $10,000 and Common $15,000, it should be :EXACTLY Written as 10000 15000 Preferre Common

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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