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Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2020. $3,392,000 Preferred shares, $4.56
Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2020. $3,392,000 Preferred shares, $4.56 non-cumulative, 53,000 shares authorized and issued* Common shares, 88,000 shares authorized and issued* 1, 408,000 *All shares were issued during 2018. During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule. Part B 1. Calculate the total dividends paid in each year to the preferred shares and to the common shareholders assuming preferred shares are cumulative. Year Total Dividend Preferred Common Dividend Dividend $ 168,000 $ 2018 0 $ 2019 2020 168,000 408,000 568,000 1,144,000 241,680 409,680 $ 326,320 326,320 $ Total for three years $ $
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