am. 116. The following information is available for Tim Corporations:Particulars7% Non-cumulative preferred stock, $10 parpreferredPaid-in capital in excess of parCommon stock, $5 parPaid-in capital in excess of par-$11,500$12,600Tim Corporations declared and paid dividends of $10,000 in 2019. In 2020, Tim Corporations declared and paid dividends of $15,000. Determine the amount of dividend distributed to pref$10,500common$11,000Amount$150,000$30,000$100,000$60,000

Dividend -The amount of a company's profits that is distributed to its shareholders as…

The following information is available for Tim Corporations Particulars 7% Non-cumulative preferred stock, $10 par Paid-in capital in excess of par preferred Common stock, $5 par Paid-in capital in excess of par- $11,500 $12,600 common m Corporations declared and paid dividends of $10,000 in 2019. In 2020, Tim Corporations declared and paid dividends of $15,000. Determine the ama $10.500 Amount $150,000 $30,000 $100,000 $60,000