Michael, Hello how how are. It was a quiz and all I know is got wrong. However, the book does not go with this class. This is how she gave it us. No...

Michael,Hello how how are. It was a quiz and all I know is got wrong. However, the book does not go with this class. This is how she gave it us. No one in the class understands her either. Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $25,000; 20x5, $0; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000. The amount of dividends received by the common stockholders during 20x7 was??? ($10,000)The amount of dividends received by the common stockholders during 20x7 was??? ($4,000)

Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferredstock, and 10,000 shares of $10 par value common stock outstanding during its first fiveyears of operation....