1. Preferred shares cash dividends have been declared and paid. Common share dividends have been declared, but not paid. HEMI is authorized to issue 50,000,000. HEMI issued 12,000,000 common shares on January 2, 2019 (i.e., these were the outstanding shares). HEMI's common shares are valued at $21 per share. The Accountant wants you to use (or disregard) any relevant information in preparing the trial balance