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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. Preferred shares, $4.54 non-cumulative,

Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2020.

Preferred shares, $4.54 non-cumulative,
51,000 shares authorized and issued* $ 3,264,000
Common shares,
86,000 shares authorized and issued* 1,376,000

*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. Required: Part A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders.

Year

Preferred Dividend

Common Dividend

Total Dividend

2018

$166,000

2019

406,000

2020

566,000

Total for three years

$0

$0

$1,138,000

2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)

Dividends Paid per Share

Preferred shares

Common shares

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

Preferred Dividend

Common Dividend

Total Dividend

2018

$166,000

2019

406,000

2020

566,000

Total for three years

$0

$0

$1,138,000

2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)

Dividends Paid per Share

Preferred shares

Common shares

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