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A corporation has the following: 6% Preferred Stock, $50 par, 500,000 shares authorized, 100,000 issued and...

A corporation has the following:
6% Preferred Stock, $50 par, 500,000 shares authorized,
100,000 issued and outstanding
Common Stock, $2 par, 8,000,000 shares authorized,  
5,000,000 issued and outstanding
The company paid $750,000 of dividends in 2019.  Calculate the amounts paid
to the preferred and common shareholders.
Determine the amount paid to each class of stock listed above if the preferred stock is cumulative and
no dividends were paid in 2017 or 2018
What is the dollar impact an any potential 2020 dividends?
Business   Accounting   
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