Canada Corp. has 5,000 shares of 7%, $100 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding on 31 December 2022. If the board of directors declares a $30,000 dividend, the preference and ordinary shareholders will receive:

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Canada Corp. has 5,000 shares of 7%,$100 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding on 31 December 2022. If the board of directors declares a $30,000 dividend, the preference and ordinary shareholders will receive