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Carol OTB Corporation reports the following shareholders' equity as of December 31, 2021: $1,651,000 Preferred shares. $3.00, 527,000 shares authorized, 127,000 shares issued and outstanding
Carol OTB Corporation reports the following shareholders' equity as of December 31, 2021: $1,651,000 Preferred shares. $3.00, 527,000 shares authorized, 127,000 shares issued and outstanding Common shares, unlimited shares authorized 208,000 shares issued and outstanding Retained earnings 2,745.600 3,380,000 $7,776,600 (a) Assume the board of directors declares dividends totaling $1,679,280 to the shareholders. The preferred shares are cumulative, and no dividends were declared last year. Calculate the amount per share each class of shares will receive. (Round answers to 2 decimal places, e.g. 5.75.) Preferred shares Common shares Amount per share $ TA $
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