Answer the following questions about Fail Sale Corp's dividends. (Click the icon to view the shareholders' equity of the corporation) Required 1. How much in dividends must Fail Safe declare each year before the common shareholders receive cash dividends for the year? 2. Suppose Fail Sale declares cash dividends of $20,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shares? 3. Are Fal Safe's preferred shares cumulative or noncumulative? How can you tell? 4. Suppose Fail Sale did not pay the preferred divided in 2018 and 2019. In 2020. Fail Safe declares cash dividends of 542.000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Requirement 1. How much in dividends must Fail Safe declare each year before the common shareholders receive cash dividends for the year? The amount of dividends Fal Sate must declare each year before the common shareholders receive cash dividends for the you os Requirement 2. Suppose Fal Safe declares cash dividends of 28,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Preferred shareholders receive Common shareholders receive Requirement 3. Are Fail Safe's preferred shares cumulative or noncumulative? How can you ? Enter your answer in each of the answer boxes Answer the following questions about Fail Sale Corp's dividends. Click the icon to view the shareholders' equity of the corporation) Required 1. How much in dividends must Fal Safe declare each year before the common shareholders receive cash dividends for the year? 2. Suppose Fail Safe declares cash dividends of $20,000 for 2020. How much of the dividendo go to preferred shareholders? How much goes to common shareholders? 3. Are Fail Sale's preferred shares cumulative or noncumulative? How can you tell? 4. Suppose Fail Sale did not pay the preferred dividend in 2018 and 2010. In 2020, Fal Safe declares cash dividends of $42.000. How much of the dividends go to preferred holders? How much goes to common shareholders? Requirement 3. Are Fail Safe's preferred shares cumulative of noncumulative? How can you tel? Fail Safe Corp's preferred shares are because they are designated as Requirement 4. Suppose Fal Safe did not pay the preferred dividend in 2018 and 2010. In 2020, Fal Sato declares cath dividends of $42.000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Preferred gets $ Common gets $ Enter your answer in each of the answer boxes i Shareholders' equity 5. orporat efore the 2020. ve? Hoy 18 and 2 feho bo to Fail Safe Corp. Balance Sheet (Partial) December 31, 2020 Shareholders' Equity Contributed capital Preferred shares, $5.30, 10,000 shares authorized, 3,000 shares issued and outstanding Common shares, 100,000 shares authorized, 30,000 shares issued and outstanding Total contributed capital Retained earnings noncum $ 96,000 se they al ividend in 154,000 divide 250,000 667,000 Total shareholders' eauit $ 917,000 Answer the following questions about Fail Sale Corp's dividends. (Click the icon to view the shareholders' equity of the corporation) Required 1. How much in dividends must Fail Safe declare each year before the common shareholders receive cash dividends for the year? 2. Suppose Fail Sale declares cash dividends of $20,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shares? 3. Are Fal Safe's preferred shares cumulative or noncumulative? How can you tell? 4. Suppose Fail Sale did not pay the preferred divided in 2018 and 2019. In 2020. Fail Safe declares cash dividends of 542.000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Requirement 1. How much in dividends must Fail Safe declare each year before the common shareholders receive cash dividends for the year? The amount of dividends Fal Sate must declare each year before the common shareholders receive cash dividends for the you os Requirement 2. Suppose Fal Safe declares cash dividends of 28,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Preferred shareholders receive Common shareholders receive Requirement 3. Are Fail Safe's preferred shares cumulative or noncumulative? How can you ? Enter your answer in each of the answer boxes Answer the following questions about Fail Sale Corp's dividends. Click the icon to view the shareholders' equity of the corporation) Required 1. How much in dividends must Fal Safe declare each year before the common shareholders receive cash dividends for the year? 2. Suppose Fail Safe declares cash dividends of $20,000 for 2020. How much of the dividendo go to preferred shareholders? How much goes to common shareholders? 3. Are Fail Sale's preferred shares cumulative or noncumulative? How can you tell? 4. Suppose Fail Sale did not pay the preferred dividend in 2018 and 2010. In 2020, Fal Safe declares cash dividends of $42.000. How much of the dividends go to preferred holders? How much goes to common shareholders? Requirement 3. Are Fail Safe's preferred shares cumulative of noncumulative? How can you tel? Fail Safe Corp's preferred shares are because they are designated as Requirement 4. Suppose Fal Safe did not pay the preferred dividend in 2018 and 2010. In 2020, Fal Sato declares cath dividends of $42.000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Preferred gets $ Common gets $ Enter your answer in each of the answer boxes i Shareholders' equity 5. orporat efore the 2020. ve? Hoy 18 and 2 feho bo to Fail Safe Corp. Balance Sheet (Partial) December 31, 2020 Shareholders' Equity Contributed capital Preferred shares, $5.30, 10,000 shares authorized, 3,000 shares issued and outstanding Common shares, 100,000 shares authorized, 30,000 shares issued and outstanding Total contributed capital Retained earnings noncum $ 96,000 se they al ividend in 154,000 divide 250,000 667,000 Total shareholders' eauit $ 917,000