Sweet company’s outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends.
dividend
declared
year 1 $ 2,000
year 2 $ 6,000
year 3 $ 32,000
the total amount of dividends paid to preferred and common shareholders over the three-year period is:
(a) $15,000 preferred; $25,000 common.
(b) $11,000 preferred; $29,000 common.
(c) $5,000 preferred; $35,000 common.
(d) $12,000 preferred; $28,000 common.
(e) $10,000 preferred; $30,000 common.

answer production department;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.