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Gigantic Manufacturing has passed preferred dividends for 2017 and 2018 and has the following Shareholders' Equity details in its financial statements: Preferred shares, cumulative, $0.75,
Gigantic Manufacturing has passed preferred dividends for 2017 and 2018 and has the following Shareholders' Equity details in its financial statements:
Preferred shares, cumulative, $0.75, 60,000 shares issued $60,000
Common shares, 9,150,000 shares issued $915,000
Total Shareholders' Equity $975,000
What are the dividends paid to each class of shares in 2019 if the total dividends are $95,000 for 2019?
What are the dividends paid to each class of shares in 2019 if the total dividends are $45,000 for 2020?
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