Homework Answers
Preferred dividend = 1600*50*6% = 4800
Dividend distribution
| Preferred dividends in arrears for 2019 and 2020 (4800*2) | 9600 |
| Preferred dividends for 2021 | 4800 |
| Remaining dividends for common stockholders (16000-9600-4800) | 1600 |
| Total dividends | 16000 |
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