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Hi, Friend...
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I have tried to give the best possible answer. If you have any doubts, please mention in the comment section. I'll definitely respond in early possible time.
Ans:
2021 | 2022 | 2023 | |
Total Dividend | $5,600 | $11,700 | $30,000 |
Allocation to preferred stock | $5,600 | $5,750 | $5,750 |
Remainder to common stock | $0 | $5,950 | $24,250 |
Note: It's a general practice, preferred stock dividend paid earlier to the common stock dividend.
Workings:
Preferred stock dividend: 2,300 shares x $50 par value x 5% = $5,750
Thanks, Dear... Have a Wonderful Day... Keep Social Distancing.
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