Homework Answers
| Preferred stockholders | $50,000 |
| Common stockholders | $73,100 |
Explanation:-
Given that dividends were last paid on 12/31/18. It means the dividends to be paid are pending from 2 years.
Amount in retained earnings = $123,100
Dividends to be paid for preferred stockholders = $500000 * 5% * 2 years
= $50,000
Dividends to be paid for common stockholders = $123100 - $50000
= $73,100
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