Accounting:

E. MacGill Inc. paid out cash dividends at the end of each year as follows: Year Dividends 2018 2019 $472,500 $618,000 $807,000 2020 Assume that MacGill had issued 103,000 common shares and 26,000, 11%, non-cumulative preferred shares with a share capital of $1,560,000. How much cash would be paid out in 2018, 2019, and 2020 as dividends to each class of shares? Year Preferred Common Total $ $ $ 2018 $ $ $ 2019 A $ $ 2020 Assume that MacGill had issued 53,000 common shares with share capital of $5,830,000 million, and 21,000,6% cumulative, preferred shares that were two years in arrears as at January 1, 2018, with a share capital of $2,625,000. How much cash would be paid out in 2018, 2019, and 2020 as dividends to each class of shares? Year Preferred Common Total $ $ 2018 $ $ 2019 A A $ 2020