Paloma Corporation had 5,000 shares of $100 par value,9 percent cumulative preferred stock and 30,000 shares of $10 par value common stock outstanding during each of its first four years of operation.The following amounts of cash dividends were paid during the years indicated: 2010,$0; 2011,$80,000; 2012,$220,000; 2013,$270,000.Determine the cash dividends per share paid to the preferred and common stockholders during each of the four years.

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The Answer of Paloma Corporation had 5,000 shares of $100 par value,9 percent cumulative preferred stock and 30,000 shares of $10 par value common stock outstanding during each of its first four years of operation.The following amounts of cash dividends were paid during the years indicated: 2010,$0; 2011,$80,000; 2012,$220,000; 2013,$270,000.Determine the cash dividends per share paid to the preferred and common stockholders during each of the four years.

Paloma Corporation Had 5,000 Shares of $100 Par Value,9 Percent