Rodriquez Company has 50,000 shares of $50 par value, 8% cumulative preferred stock and 160,000 shares of $30 par value common stock. Rodriguez declares and pays cash dividends amounting to $220,000.
If no arrearage on the preferred stock exits, how much in total dividends is paid to each class of stock?

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The Answer of Rodriquez Company has 50,000 shares of $50 par value, 8% cumulative preferred stock and 160,000 shares of $30 par value common stock. Rodriguez declares and pays cash dividends amounting to $220,000.
If no arrearage on the preferred stock exits, how much in total dividends is paid to each class of stock?

Rodriquez Company Has 50,000 Shares of $50 Par Value, 8