The board of directors of Kim Brothers Fitness Center is going to declare the first-ever dividends for the new corporation.The total amount of cash available for dividends is $2,000.There are 50 shares outstanding of 10%,$100 par value preferred stock.There are 2,000 shares of common stock outstanding.
1.What is the TOTAL dollar amount of the dividend paid to preferred shareholders?
2.What is the dividend PER SHARE paid to preferred shareholders?
3.What is the TOTAL dollar amount of the dividend paid to common shareholders?
4.What is the dividend PER SHARE paid to common shareholders?

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The Answer of The board of directors of Kim Brothers Fitness Center is going to declare the first-ever dividends for the new corporation.The total amount of cash available for dividends is $2,000.There are 50 shares outstanding of 10%,$100 par value preferred stock.There are 2,000 shares of common stock outstanding.
1.What is the TOTAL dollar amount of the dividend paid to preferred shareholders?
2.What is the dividend PER SHARE paid to preferred shareholders?
3.What is the TOTAL dollar amount of the dividend paid to common shareholders?
4.What is the dividend PER SHARE paid to common shareholders?

The Board of Directors of Kim Brothers Fitness Center Is