- 5 Question 8 of 16 View Policies Current Attempt in Progress Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $6 cumulative dividend, 139,000 shares issued and outstanding $13,900,000 Share capital:Common shares, 706,000 issued and outstanding Retained earnings 35,300,000 24,360.000 (a) No dividends were declared in 2018 or 2019, however, in 2020, cash dividends of $4,831,800 were declared. Calculate how much would be paid to each class of shares. Preferred Common Total $ 2018 arrears 2019 arrears 2020 $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later - No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,831,800 were declared. Calculate how much would be paid to each class of shares. Preferred $ Common Total 2018 arrears $ 2019 arrears 2020 $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, eg. 4.62.) $ Cash dividend per share e Textbook and Media Save for Later Attempts: 0 of 3 used Submit