%24 %24 %4 View Policies Current Attempt in Progress Metlock Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 42,000 shares of $5 par value preferred...

Extracted text: %24 %24 %4 View Policies Current Attempt in Progress Metlock Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 42,000 shares of $5 par value preferred stock and 490,000 shares of $1 par value common stock. At December 31, the company declared the following Cash dividends: 2020 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and not cumulative. Preferred 2019 2020 e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in crder This part will be available when you complete the part above. sessment-player/index.html7launchld3ee163b88-e.