Hoopla Ltd. is a Canada Business Corporation and has 18,380 Class A voting (common) shares and 6,250 Class B non voting (preferred shares). Class A shares are non cumulative and Class B shares are cumulative. The Class B shares have a fixed return of $2/share and the dividends to Class A are unlimited. In Year 1 Hoopla paid no dividends. In Year 2, it paid 80 cents a share to Class A and the stated rated to Class B.

Required 1: What is the amount of dividends paid out to Class A shareholders in year 2?

Required 2:What is the amount of dividends paid out to Class B shareholders in year 2?

Required 3: What is the total amount of dividends paid out to shareholders in year 2?

Required 4: What is the amount of dividends paid out to Class A shareholders in year 1?

Required 5: What is the amount of dividends paid out to Class B shareholders in year 1?