The Southeast Corporation has outstanding 40,000 shares of 12 percent, $50 par-value, noncumulative, nonparticipating preferred stock and 160,000 shares of $10 par-value common stock. The board of directors voted to distribute $240,000 as dividends in 2013, $280,000 in 2014, and $520,000 in 2012.
Compute the following:
1. Amount paid on each share of preferred stock in 2013.
2. Amount paid on each share of common stock in 2013.
3. Amount paid on each share of preferred stock in 2014.
4. Amount paid on each share of common stock in 2014.
5. Amount paid on each share of preferred stock in 2012.
6. Amount paid on each share of common stock in 2012.

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The Answer of The Southeast Corporation has outstanding 40,000 shares of 12 percent, $50 par-value, noncumulative, nonparticipating preferred stock and 160,000 shares of $10 par-value common stock. The board of directors voted to distribute $240,000 as dividends in 2013, $280,000 in 2014, and $520,000 in 2012.
Compute the following:
1. Amount paid on each share of preferred stock in 2013.
2. Amount paid on each share of common stock in 2013.
3. Amount paid on each share of preferred stock in 2014.
4. Amount paid on each share of common stock in 2014.
5. Amount paid on each share of preferred stock in 2012.
6. Amount paid on each share of common stock in 2012.

The Southeast Corporation Has Outstanding 40,000 Shares of 12 Percent