On January 1, Year 1, a company had the following transactions: - Issued 10,000 shares of $2.00 par common stock for $12.00 per share.
- Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share.
- Purchased 1,000 shares of previously issued common stock for $15.00 per share.
- No other shares of stock were issued or outstanding.
The company had the following dividend information available:
Year 1 - No dividend paid
Year 2 - Paid $2,000 total dividends
Year 3 - Paid $20,000 total dividends
Year 4 - paid $25,000 total dividends
Fill in the correct values for each year. If your answer is zero, please enter "0".
Year 1
Year 2
Year 3
Year 4
Common stock dividend
0
Preferred stock dividend
0
Dividends in arrears
0