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E. MacGill Inc. paid out cash dividends at the end of each year as follows: Year Dividends 2018 $498,750 2019 $578,000 2020 $806,000 Assume
E. MacGill Inc. paid out cash dividends at the end of each year as follows: Year Dividends 2018 $498,750 2019 $578,000 2020 $806,000 Assume that MacGill had issued 104,000 common shares and 28,000, 11%, non-cumulative preferred shares with a share capital of $1,680,000. How much cash would be paid out in 2018, 2019, and 2020 as dividends to each class of shares? Year Preferred $ 2018 Common Total
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