Holt Company paid out cash dividends at the end of each year as follows: Year Dividends 2018 $264,000 2019 $336,000 2020 $397,000 (a) Your answer is correct. Assume that Holt had 240,000 common shares and 9,000, $8, non-cumulative preferred shares. How much cash would be paid out in 2018, 2019, and 2020 to each class of shares? Year 2018 2019 2020 6A SA SA Preferred 72000 SA $ Common 192000 72000 $ 264000 72000 $ 325000 LA Total 264000 $ 336000 LA LA 397000