M8-29. Determining Cash Dividends to Preferred and Common Shareholders Sinclair Company has outstanding 40,000 shares of $50 par value, 6% cumulative preferred stock and 100.000 shares of $10 par...

Extracted text: M8-29. Determining Cash Dividends to Preferred and Common Shareholders Sinclair Company has outstanding 40,000 shares of $50 par value, 6% cumulative preferred stock and 100.000 shares of $10 par value common stock. The company declares and pays cash dividends amount. ing to $280,000O. LO4 MBC a. If there are no preferred dividends in arrears, how much in total dividends, and in dividends per share. does Sinclair pay to each class of stock? b. If there are one year's dividends in arrears on the preferred stock, how much in total dividends, and in dividends per share, does Sinclair pay to each class of stock? LO4 M8-30. Reconciling Retained Earnings Use the following data to reconcile the 2019 retained earnings for Springwerth Company (that is, explain the change in retained earnings during the year). nework BC Total retained earnings, December 31, 2018.. .. $537,000 Stock dividends declared and paid in 2019 46,000 Cash dividends declared and paid in 2019. 55,000 Net income for 2019. 203,000 L07 M8-31. Calculating and Interpreting EPS Information FARGO Wells Fargo reports the following information in its Form 10-K. Ork In millions 2018 2017