Preferred dividend = 1200*100*4% = 4800
Total Dividend | Preferred dividend | Common dividend | |
Year 1 | 3200 | 3200 | 0 |
Year 2 | 8400 | 4800 | 3600 |
Year 3 | 38000 | 4800 | 33200 |
Total | 12800 | 36800 |
So answer is d) $12800 preferred ; $36800 Common
Sweet Company's outstanding stock consists of 1,200 shares of noncumulative 4% preferred stock with a $100...
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