A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule.
Definitions:
Principal
The original amount of money loaned or invested, separate from interest or earnings.
Terminate
To bring to an end or conclude something, such as a contract, employment, or process.
Interest
The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
Relationship
A relationship is a connection, association, or involvement between people, which can be based on kinship, love, friendship, or professional interactions.
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