Alpha-Omega Industries has 20,000 shares of $10 par common stock and 10,000 shares of $40 par,5% preferred stock outstanding.Total dividends available are $62,000.Compute the dividends to be distributed to preferred and common stockholders under the following condition.
The preferred stock is nonparticipating and non-cumulative with no dividends distributed last year.

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The Answer of Alpha-Omega Industries has 20,000 shares of $10 par common stock and 10,000 shares of $40 par,5% preferred stock outstanding.Total dividends available are $62,000.Compute the dividends to be distributed to preferred and common stockholders under the following condition.
The preferred stock is nonparticipating and non-cumulative with no dividends distributed last year.

Alpha-Omega Industries Has 20,000 Shares of $10 Par Common Stock