The following financial statement information is available for Bongo Corporation:

The following financial statement information is available for Bongo Corporation: 2013                      2012 Net income                                          $115,000                $  80,000 Income tax expense                               50,000                    29,000 Interest expense                                      15,000                    14,000 Dividends paid to preferred stockholders                                       22,000                    20,000 Dividends paid to preferred stockholders                                       15,000                    10,000 Read More …