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Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2023. Preferred shares, $4.49
Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2023. Preferred shares, $4.49 non-cumulative, 46,000 shares authorized and issued* Common shares, 81,000 shares authorized and issued* *All shares were issued during 2021. $2,944,000 1,296,000 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. Required: Part A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders. Year 2021 Preferred Dividend Common Dividend Total Dividend $ 161,000 2022 401,000 2023 561,000 Total for three years $ 0 $ 0 $ 1,123,000
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