From 2019 to 2021, Lumber Liquidators had the following capital structure: The board of directors determined the total amount available for dividends in each year from 2019 through 2021 as shown in the following table. Complete the table to indicate the portion of the dividend allocated to preferred and common stockholders in each year. Assume that the preferred stock is noncumulative and nonparticipating.

Question

From 2019 to 2021, Lumber Liquidators had the following capital structure:  The board of directors determined the total amount available for dividends in each year from 2019 through 2021 as shown in the following table. Complete the table to indicate the portion of the dividend allocated to preferred and common stockholders in each year. Assume that the preferred stock is noncumulative and nonparticipating.

From 2019 to 2021, Lumber Liquidators Had the Following Capital