Superb Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022: (Click the icon to view the data.) Superb Manufacturing has paid all preferred dividends only through 2018. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022 if total dividends are $120,000 in 2021 and $240,000 in 2022. Begin with 2021. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 if total dividends are $120,000. 2021 Dividends Preferred stock Common stock Total -C Calculate the total amounts of dividends to both preferred and common stockholders for 2022 if total dividends are $240,000 in 2022. 2022 Dividends Preferred stock Common stock Total Data table Stockholders' Equity Preferred stock, cumulative, $1.00 par, 3%, 45,000 shares issued Common stock, $0.40 par, 9,210,000 shares issued Print Done $ 45,0 3,684,0

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 16 Superb Manufactutring inc attached in ss below 

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Superb Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022:
(Click the icon to view the data.)
Superb Manufacturing has paid all preferred dividends only through 2018.
Requirement
1. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022 if total dividends are $120,000 in 2021 and $240,000 in 2022.
Begin with 2021. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 if total dividends are $120,000.
2021 Dividends
Preferred stock
Common stock
Total
-C
Calculate the total amounts of dividends to both preferred and common stockholders for 2022 if total dividends are $240,000 in 2022.
2022 Dividends
Preferred stock
Common stock
Total
Data table
Stockholders' Equity
Preferred stock, cumulative, $1.00 par, 3%, 45,000 shares issued
Common stock, $0.40 par, 9,210,000 shares issued
Print
Done
$
45,000
3,684,000
X
Transcribed Image Text:Superb Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022: (Click the icon to view the data.) Superb Manufacturing has paid all preferred dividends only through 2018. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022 if total dividends are $120,000 in 2021 and $240,000 in 2022. Begin with 2021. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 if total dividends are $120,000. 2021 Dividends Preferred stock Common stock Total -C Calculate the total amounts of dividends to both preferred and common stockholders for 2022 if total dividends are $240,000 in 2022. 2022 Dividends Preferred stock Common stock Total Data table Stockholders' Equity Preferred stock, cumulative, $1.00 par, 3%, 45,000 shares issued Common stock, $0.40 par, 9,210,000 shares issued Print Done $ 45,000 3,684,000 X
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