framer company has 4 000 shares of 9 100 par cumulative preferred stock outstanding 541393

E8-6A. Distribute dividend between preferred and common shareholders. (LO 2)

Framer Company has 4,000 shares of 9%, $100 par, cumulative preferred stock outstanding and 10,000 shares of $1 par value common stock outstanding. The company began operations on January 1, 2008. The cash dividends declared and paid during each of the first 3 years of Framer’s operations are shown. Calculate the amounts that went to the preferred and the common shareholders (SHs) each year.