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Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 147,000 shares issued and outstanding

Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 147,000 shares issued and outstanding Share capital: Common shares, 767,000 issued and outstanding Retained earnings $14,700,000 30,680,000 24,210,000 Your answer is partially correct. No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5.157.950 were declared. Calculate how much would be paid to each class of shares. Preferred $ 2018 arrears 2019 arrears 2020 E $ Common 733000 $ iA 733000 733000 B O 2958950 Total $ 6A 738000 733000 3691950

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