Green Corporation Has the Following Stock Outstanding During the Current Year, Green Paid $100,000 in Dividends

Essay

Green Corporation has the following stock outstanding:
$\begin{array}{llr} \text {\( 4 \% \) cumulative preferred stock, \( \$ 20 \) stated value } &\$400,000\\ \text { Common stock, \$12 par } &2,400,000\\\end{array}$
During the current year, Green paid $100,000 in dividends. No dividends were paid in the two previous years.Required:Compute the total amount of dividends that was paid to each class of stock in the current year.Compute the amount of dividends per share for each class of stock