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Carla Vista, Inc. has $ 5 0 0 , 0 0 0 , $ 0 . 9 5 , no par value preferred shares (

Carla Vista, Inc. has $500,000, $0.95, no par value preferred shares (50,000 shares) and $1,000,000 of no par value common shares outstanding (80,000 shares). No dividends were paid or declared during 2021 and 2022. The company wants to distribute $591,500 in dividends on December 31,2023.
(a)
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Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are non-cumulative and non-participating.
Preferred
Common
Total dividends
$enter a dollar amount
47500
$enter a dollar amount
544000
Attempts: 1 of 1 used
(b)
Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and non-participating.
Preferred
Common
Total dividends
$enter a dollar amount
$enter a dollar amount

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