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I need Help with my Assignment... Please!!! Preferred shares, $3.00 non- cumulative, unlimited shares authorized, 30,000 shares issued and outstanding $540,000. Common shares, unlimited shares

I need Help with my Assignment... Please!!!

Preferred shares, $3.00 non- cumulative, unlimited shares authorized,

30,000 shares issued and outstanding $540,000.

Common shares, unlimited shares authorized

325,000 shares issued and outstanding $3,120,000

Questions:

1)Assume cash dividend $120,000 were paid during Oct. 31, 2016.

Calculate the total dividends actually paid the year ended Oct. 31, 2016; Preferred and Common

2) Refer #2 calculate the dividends per share actually received by Preferred and common shareholders

3) Are there any dividends in arrears as at Oct. 31, 2017? If yes, calculate the arrears.

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