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35 12.5 points 8 01:11:46 References TB Problem Qu. 8-116 (Algo) The corporate charter of... The corporate charter of Pinkston Corporation authorizes the issuance of 40,000 shares of 5% cumulative, preferred stock, $22 par, and 297,000 shares of $12 par common stock. At the end of the current year, the titles and balances of stockholders' equity accounts are as follows: Common stock, 297,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par common stock Preferred stock 40,000 shares issued and outstanding Paid-in capital in excess of par preferred stock Total Paid-in capital - Retained earnings Total Stockholders' Equity Pinkston declared dividends of $166,000 for the current year. Required: a. What is the amount of the annual dividend per share for preferred stock? b. If there are two years of preferred dividends in arrears at the beginning of the current year, what total amount of dividends will be paid to the preferred shareholder? c. What total amount will be paid to the common shareholders if there are two years of preferred didends in arrea of the year? the beginning Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the amount of the annual dividend per share for preferred stock? Note: Round your answer to 2 decimal places, Annual dividend per share

TB Problem Qu. 8.116 (Algo) The corporote charter of... sre as tolion: Required: pad io the peteleted vietolder? of the yrart Complete this gestion fy entering your amurers in the tabs below

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