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T1115 - Introductory Financial Accounting (2021 2022 Theme REINDEER LTD. Reindeer Ltd. declared cash dividends at the end of each fiscal year as follows: Year Dividends 2019 S 120,000 2020 $ 250,000 2021 $ 85,000 a) Assume that Reindeer Ltd. had 125,000 common shares and 10,000, $4 cumulative preferred shares that were two (which means the Board of Directors did not declare any dividends in 2017 or 2018). b) Explain how your answer would change if the preferred shares were non cumulative A- B I ili III 1 T1115 - Introductory Financial Accounting (2021 2022 Theme REINDEER LTD. Reindeer Ltd. declared cash dividends at the end of each fiscal year as follows: Year Dividends 2019 S 120,000 2020 $ 250,000 2021 $ 85,000 a) Assume that Reindeer Ltd. had 125,000 common shares and 10,000, $4 cumulative preferred shares that were two (which means the Board of Directors did not declare any dividends in 2017 or 2018). b) Explain how your answer would change if the preferred shares were non cumulative A- B I ili III 1