Nala Company Has Two Classes of Shares That Were Both

question 2

Essay

Nala Company has two classes of shares that were both issued on January 1,2010:
Class A,$10 par value,8% preferred shares,275,000 shares issued and outstanding;
Class B,no par value common shares issued at $30/share,1,300,000 shares issued and outstanding.
Due to challenging start-up problems in 2010 and 2011 there were no dividends paid; in 2012 dividends of $8,000,000 were paid; and,for 2013,dividends paid totaled $16,000,000.
Requirement:
How much was the amount of dividends paid to preferred and common shares in 2010 to 2013? First assume that the preferred shares are non-cumulative,then assume that they are cumulative.

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Definitions:

Nitrogenous Wastes

Metabolic waste compounds that contain nitrogen, such as urea and ammonia, which are primarily excreted by the kidneys in animals.

Nucleic Acids

Large molecules composed of nucleotides that carry genetic information, including DNA and RNA.

Proteins

Large, complex molecules made up of amino acids, crucial for the structure, function, and regulation of the body's tissues and organs.

Complex Sugars

Carbohydrates that consist of long chains of sugar molecules, such as fiber and starches, offering sustained energy.