Business, 25.02.2020 00:54 shelbiec5355

Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,350; 2020, $14,500; and 2021, $29,000.

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative.

2019 2020 2021

Allocation to preferred stock

Allocation to common stock

Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative.

2019 2020 2021

Allocation to preferred stock

Allocation to common stock

Journalize the declaration of the cash dividend at December 31, 2021

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Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 2...