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Business, 12.08.2020 04:01 miyah1199

Fargo Company's outstanding stock consists of 550 shares of noncumulative 5% preferred stock with a $10 par value and 4,000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declared year 1 $ 29,000 year 2 $ 7,000 year 3 $ 38,000 The amount of dividends paid to preferred and common shareholders in year 1 is:

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