it it's safer to stay in Protected View Enable Editing 2 567 12 10.11 3. 16 Question 1: Zeff Corporation has 2,000 shares outstanding of cumulative preferred stock and 6,000 shares of common stock. The preferred stock is entitled to an annual dividend of $ 18 per share. No preferred dividends were paid for last year and the current year. What are the total dividends received by each class of stock if Zeff Corporation distributes $ 108,000 in dividends? Question 3: Contributed capital: Preferred shares, cumulative, $3,4,000 shares outstanding Common shares, 20,000 shares outstanding Retained earnings $200,000 300,000 138,250 A) Assume that there were no dividends declared for the last two years. What is the total amount of the dividends that must be declared this year for the common shareholders to get a dividend? B) Assume that there were no dividends declared last year. What is the total amount of the dividends that must be declared this year for the common shareholders to get a $40,000 dividend