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15 (3 Grades) 3 points Seve A On January 1, 2018, Manama Company has 8 % 80,000 shares of $20 par value. Cumulative preferred stock

15 (3 Grades) 3 points Seve A On January 1, 2018, Manama Company has 8 % 80,000 shares of $20 par value. Cumulative preferred stock and 280,000 shares of common stock authorized, issued and outstanding at $5 par value. The Company declared and paid cash dividends as follows: Year 2018 2019 2020 Dividends $100,000 $220,000 $380,000 Required; in the below table, determine the amount of cash dividends distributed to each class of shares over the three years. Please: Present each year in a separate line. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIY Paragraph Arial 10pt iii < A

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