50k. 0.40

Summer Day Corporation has 50,000 $0.40 preferred shares and 620,000 common shares issued and outstanding During a three-year period, Summer Day Corporation declared and paid cash dividends as follows: 2017. 30, 2018 $119,000, and 2019, $295,000 Required Requirement 1a. Compute the total dividends to preferred shares and common shares for each of the three years if preferred shares are noncumulative. Complete the table if preferred shares are noncumulative (Complete all answers boxes. For years with no dividend, enter "O".) Stock type 2017 2018 2019 Preferred dividend Common dividend Requirement 1b. Compute the total dividends to preferred shares and common shares for each of the three years it preferred shares are cumulative. (Complete all answers boxes. For years with no dividend, enter"] Complete the table if preferred shares are cumulative, Stock type 2017 2018 2019 Preferred dividend Common dividend