Question
KimberlyOTB Corporation reports the following shareholders' equity as of December 31, 2021: Preferred shares, $3.00,533,000shares authorized,133,000shares issued and outstanding$1,729,000Common shares, unlimited shares authorized,214,000shares issued and
KimberlyOTB Corporation reports the following shareholders' equity as of December 31, 2021:
Preferred shares, $3.00,533,000shares authorized,133,000shares issued and outstanding$1,729,000Common shares, unlimited shares authorized,214,000shares issued and outstanding2,991,720Retained earnings3,440,000$8,160,720
(a)
Assume the board of directors declares dividends totaling $1,739,600to the shareholders. The preferred shares are cumulative, and no dividends were declared last year.
Calculate the amount per share each class of shares will receive.(Round answers to 2 decimal places, e.g. 5.75.)
Preferred sharesCommonsharesAmount per share$$
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