The outstanding capital stock of Riverbed Corporation consists of 1,900 shares of $100 par value, 8% preferred, and 4,700 shares of $50 par value common.
Assuming that the company has retained earnings of $89,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.
