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Holt Company paid out cash dividends at the end of each year as follows: Assume that Holt had 270,000 common shares and 10,000,$7, non-cumulative preferred

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Holt Company paid out cash dividends at the end of each year as follows: Assume that Holt had 270,000 common shares and 10,000,$7, non-cumulative preferred shares. How much cash would be paid out in 2018,2019 , and 2020 to each class of shares? Assume that Holt had 110,000 common shares, and 6,000,$3, cumulative preferred shares that were three years in arrears as at January 1,2018 . How much cash would be paid out in 2018,2019 , and 2020 to each class of shares

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