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Having not paid any dividends for the previous three years, Yorkton Enterprises Corporation's board declared a $ 1 5 9 , 6 5 0 cash

Having not paid any dividends for the previous three years, Yorkton Enterprises Corporation's board declared a $159,650 cash dividend at the year-end December 31,2022. Cumulative preferred shares are entitled to a $2 dividend, and there are 4,850 shares issued and outstanding. The company had 8,667 common shares outstanding at the start of 2022. On March 1, the company sold an additional 6,000 common shares. On May 1, they retired 3,000 shares., and on November 1, the company's board declared a 3-for-1 stock split.Assume the company has sufficient Retained Earnings to pay out all dividends. Yorkton Enterprises Corporation has net income for the year

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