The Odegard Corporation has outstanding 50,000 shares of 6 percent, $100 par-value, noncumulative, nonparticipating preferred stock and 100,000 shares of $2 par-value common stock, sold at an average price of $20 per share. The board of directors voted to distribute $200,000 as dividends in 2013, $400,000 in 2014, and $450,000 in 2012.
Compute the following:
1. Total dividend paid to preferred stockholders in 2013.
2. Total dividend paid to common stockholders in 2013.
3. Total dividend paid to preferred stockholders in 2014.
4. Total dividend paid to common stockholders in 2014.
5. Total dividend paid to preferred stockholders in 2012.
6. Total dividend paid to common stockholders in 2012.

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The Answer of The Odegard Corporation has outstanding 50,000 shares of 6 percent, $100 par-value, noncumulative, nonparticipating preferred stock and 100,000 shares of $2 par-value common stock, sold at an average price of $20 per share. The board of directors voted to distribute $200,000 as dividends in 2013, $400,000 in 2014, and $450,000 in 2012.
Compute the following:
1. Total dividend paid to preferred stockholders in 2013.
2. Total dividend paid to common stockholders in 2013.
3. Total dividend paid to preferred stockholders in 2014.
4. Total dividend paid to common stockholders in 2014.
5. Total dividend paid to preferred stockholders in 2012.
6. Total dividend paid to common stockholders in 2012.

The Odegard Corporation Has Outstanding 50,000 Shares of 6 Percent