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Ayayai Corporation has the following shareholders' equity on December 31, 2021: $630000 Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 6000 shares
Ayayai Corporation has the following shareholders' equity on December 31, 2021: $630000 Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 6000 shares issued Common shares, no par value, 200,000 shares authorized, 90000 shares issued Total share capital Retained earnings Total shareholders' equity 1700000 2330000 463000 $2793000 What is the dividend amount payable to preferred shareholders in 2021 assuming no shares are converted? $60000 $900000 $2000000 $1000000
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