Superb ​Manufacturing, Inc., reported the following at December​ 31, 2014 and December​ 31,

2015​:

Stockholders’ Equity

Preferred stock, cumulative, $1.00 par, 12%, 55,000 shares issued $55,000

Common stock, $0.05 par, 9,150,000 shares issued $457,500

Superb Manufacturing has paid all preferred dividends through 2011.

Requirement

1.

Compute the total amounts of dividends to both preferred and common stockholders for 2014 and 2015 if total dividends are $ 30,000 in 2014 and $ 36,000 in 2015.

Begin with 2014. Compute the total amounts of dividends to both preferred and common stockholders for 2014 if total dividends are $ 30,000.

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