12. Stockholders' Equity

On December 12, Year 1, ABC Company declared a cash dividend of \$250,000. The date of record was December 28, Year 1. The cash dividend was paid on January 5, Year 2. During which period will the dividend be included on the Statement of Retained Earnings?

ABC Company declared and paid a dividend of \$150,000 during the current year. The amount of common stock (\$0.50 par value) outstanding was 125,000. The amount of \$6 preferred shares (par value of \$100) outstanding was 1,000. What is the total dividend received by common stockholders?