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Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 144,000 shares issued and outstanding
Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 144,000 shares issued and outstanding Share capital: Common shares, 699,000 issued and outstanding Retained earnings $14,400,000 27,960,000 22,900,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,851,150 were declared. Calculate how much would be paid to each class of shares. 2018 arrears 2019 arrears 2020 Preferred Common Total $ No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,851.150 were declared. Calculate how much would be paid to each class of shares. Preferred $ 2018 arrears 2019 arrears 2020 Common $ Total $ $ $ $ Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.) Cash dividend per share
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