- Data Table Preferred dividend (100,000 shares x.$1.75.per. share).... $ 175,000 Common dividend (remainder: $1,007,000 - $175,000) 832,000 $ 1,007,000 Total dividend Print Done Avant Garde, Inc. has 100.000 shares of $1.75 cumulative preferred shares outstanding in addition to its common shares. Assume that in 2020, Avant Garde declares an annual dividend of $1,007,000. The allocation to proferred and common shareholders is as follows: Click the icon to view the data.) Answer these questions about Avant's cash dividends: Requirements Requirement 1. How much in dividends must Avant declare each year before the common shareholders receive any cash dividends for the year? Avant Garde must declare dividends of each year before the common sharehokters receive any cash dividends for the year. Requirement 2. Suppose Avant declares cash dividends of $300,000 for 2020. How much of the dividends go to preferred? How much go to common? Class of shares 2020 Dividends Preferred Common Total Requirement 3. Are Avant's preferred shares cumulative or non-cumulativo? How can you tell? Avant Garde's preferred shares are because preferred shares are unless they are stated as Requiremont 4. Avant passed the p and 2019. Then in 2020, avant declares cash dividends of $1,600,000. How much of the dividends go to preferred? How much go to comm non-cumulative Class of Shares 2020 Divident cumulative Preferred Common Total