Homework Answers
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| Statement showing Computations | |
| Particulars | Amount |
| Dividends in 2022 | 420,000.00 |
| Preference Dividend : | |
| 2022 Preference dividend = 10,000*100*8% | 80,000.00 |
| 2021 Arrears of Preference dividend = 10,000*100*8% | 80,000.00 |
| 2020 Arrears of Preference dividend = 10,000*100*8% | 80,000.00 |
| Total preference dividend | 240,000.00 |
| Dividend allocated to common stock = 420,000 - 240,000 | 180,000.00 |
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