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Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 161,000 shares issued and outstanding
Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 161,000 shares issued and outstanding Share capital: Common shares, 784,000 issued and outstanding Retained earnings $16,100,000 23,520,000 26,640,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,571,000 were declared. Calculate how much would be paid to each class of shares. Preferred Common Total 2018 arrears $ $ 2019 arrears 2020 $ $ $ e Textbook and Media 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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