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Exercise 13-12 The following elements of shareholders' equity are adapted from the balance sheet...

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Accounting

Exercise 13-12
The following elements of shareholders' equity are adapted from the balance sheet of
Brzynski Marketing Ltd:
Computing dividends on
preferred and common shares
The company has paid all dividends through 2012.
Required Compute the dividends paid to preferred shareholders and to common share-
holders for 2013 and 2014 if total dividends are $0 in 2013, and $41,000 in 2014. Round your
answers to the nearest dollar.
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