Chapter 11 Assignment Question 1 of 3 1/2 View Policies Show Attempt History Current Attempt in Progress Holt Company paid out cash dividends at the end of each year as follows: Year 2018 Dividends $244,000 $343.000 $416,000 2019 2020 (b) Assume that Holt had 110,000 common shares, and 4,000, $3,cumulative preferred shares that were three years in arrears as at January 1, 2018. How much cash would be paid out in 2018, 2019 and 2020 to each class of shares? Year Preferred Common Total $ $ $ 2018 $ $ $ 2019 s s $ 2020 e Textbook and Media Attempts:0 of 3 used Submit A ENG