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(3 Grades) On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative preferred stock and 140.000 shares of comm sock

(3 Grades) On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative preferred stock and 140.000 shares of comm sock authorized, issued and outstanding at $5 par value. The Company declared and paid cash dividends as follows Year 2018 Dividends $50,000 2019 2020 $110,000 $190,000 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) BIUS Paragraph v Arial V 10pt , - (1) +] B 30,000*10*8%-64000 hp

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