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. There were no dividends in arrears. The board of directors voted to distribute $240,000 as dividends in 2019, $280,000 in 2020, and $520,000 in 2021.
Compute the following:
1. Amount paid on each share of preferred stock in 2019.
2. Amount paid on each share of common stock in 2019.
3. Amount paid on each share of preferred stock in 2020.
4. Amount paid on each share of common stock in 2020.
5. Amount paid on each share of preferred stock in 2021.
6. Amount paid on each share of common stock in 2021.

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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. There were no dividends in arrears. The board of directors voted to distribute $240,000 as dividends in 2019, $280,000 in 2020, and $520,000 in 2021.
Compute the following:
1. Amount paid on each share of preferred stock in 2019.
2. Amount paid on each share of common stock in 2019.
3. Amount paid on each share of preferred stock in 2020.
4. Amount paid on each share of common stock in 2020.
5. Amount paid on each share of preferred stock in 2021.
6. Amount paid on each share of common stock in 2021.

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