Garrison Corporation has the following stock outstanding: 
In 2013, Garrison paid $300,000 in dividends. No dividends were paid in 2011 or 2012.
Required:
a) Compute the total amount of dividends that was paid to each class of stock in 2013.
b) Compute the amount of dividends per share for each class of stock
Definitions:
Accounts Payable
Liabilities owed by a company to creditors or suppliers for goods and services received but not yet paid for.
Operating Activities
Activities directly related to the day-to-day operations of a business, including the production, sales, and delivery of the company's product and services.
Indirect Method
A way of calculating cash flows in the cash flow statement, where net income is adjusted for changes in balance sheet accounts to reflect cash transactions.
Voting Stock
Shares of a corporation that give the shareholder the right to vote on matters of corporate policy and on the selection of the board of directors.
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