Lincoln Company has the following equity section: Equity Contributed Capital: Preferred shares, $5, cumulative, 5000 shares outstanding $250,000 Common shares, no-par value, unlimited shares authorized, 20,000 shares issued 200,000 $450,000 450.000 $900.000 Total contributed capital Retained earnings Total equity Dividends were not paid to the preferred shareholders for the past three years. In the current year the Board of Directors declared a $104,000 cash dividend. REQUIRED: Determine the total dividends paid to each class and the dividend per share to both common and preferred shareholders. 2