Business, 17.06.2020 00:57 recklessunreached

The outstanding capital stock of Edna Millay Corporation consists of 2,200 shares of $103 par value, 6% preferred, and 5,800 shares of $60 par value common. Assuming that the company has retained earnings of $100,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.(a) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e. g. $38,487.)I already have the answer for this Preferred : 13596 Common : 86404(b) The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimal places, e. g. $38,487.)(c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e. g.1.4278%. Round answers to 0 decimal places, e. g. $38,487.)

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