Wedge Corporation Has the Following Capital Stock Outstanding

Essay

Wedge Corporation has the following capital stock outstanding:
$1 par value common stock,250,000 shares.
8% preferred stock,par $100,5,000 shares,cumulative,with 2 years in arrears.
Cash dividends of $150,000 were declared and paid near the end of the current year.
A.Calculate the dividends paid to the preferred stockholders.
B.Calculate the dividends paid to the common stockholders.