13.4 Cash Dividends March Green Products Ltd. recorded a journal entry on the day they paid cash dividends and debited Dividends Payable for $240,000 and credited Cash for $240,000. Each of the 150,000 issued common shares received a dividend of $1. The dividends on the $4.50 cumulative preferred shares were in arrears by one year. How many preferred shares were issued? 90,000 O 10,000 20,000 cannot be determined with the information provided