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a. The following is the shareholders equity section of Natalina Inc. at December 31, 2019: Preferred shares, $5 dividend, 5,000 outstanding $250,000 Common shares (5,000

a. The following is the shareholders equity section of Natalina Inc. at December 31, 2019: Preferred shares, $5 dividend, 5,000 outstanding $250,000 Common shares (5,000 outstanding) 200,000 Assume that $95,000 dividends are paid in 2019. Preferred shares dividends were not paid last year. What amount of dividends is paid to the preferred shareholders in 2019 assuming they are cumulative and participating? (3 marks) Show calculations.

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