Current Attempt in Progress

Crane, Ltd$.$ has $11,000$ outstanding no par value $$1\mathrm{.}00$ preferred shares issued for $$110,000$ and $35,000$ outstanding no par value

common shares issued for $$21,000.$

No dividends were paid or declared during $2023$ and $2024.$ Crane wants to distribute $$42,960$ in dividends on December $31,2025.$

$($a$)$

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

Total dividends

Common

Attempts: $0$ of $1$ used

$($b$)$

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