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Application Problem 11-7A a-b Holt Company paid out cash dividends at the end of each year as follows: Year 2018 2019 2020 Dividends $237,000 $355,000

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Application Problem 11-7A a-b Holt Company paid out cash dividends at the end of each year as follows: Year 2018 2019 2020 Dividends $237,000 $355,000 $361,000 Assume that Holt had 250,000 common shares and 9,000, $7, non-cumulative preferred shares. How much cash would be paid out in 2018, 2019, and 2020 to each class of shares? Year Preferred Common Total 2018 $ A 2019 $ A o 2020 $ to LINK TO TEXT Assume that Holt had 110,000 common shares, and 4,000, $4, cumulative preferred shares that were three years in arrears as at January 1, 2018. How much cash would be paid out in 2018, 2019, and 2020 to each class of shares? Year Preferred Common Total 2018 $ to 2019 $ to 4 2020 $ to LINK TO TEXT

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