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Blossom Limited reported the following items in shareholders' equity on December 3 1 , 2 0 2 4 : Share capital: Preferred shares, $ 6

Blossom Limited reported the following items in shareholders' equity on December 31,2024:
Share capital: Preferred shares, $6 cumulative dividend,
151,000 shares issued and outstanding $15,100,000
Share capital: Common shares, 751,000 issued and
outstanding
30,040,000
Retained earnings
24,550,000
(a)
No dividends were declared in 2022 or 2023 ; however, in 2024, cash dividends of $5,346,500 were declared. Calculate how much
would be paid to each class of shares.
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