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Massive Corp. is authorized to issue unlimited $0.80 no par preferred shares and unlimited no par common shares. There are 14.000 preferred and 42,000 common

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Massive Corp. is authorized to issue unlimited $0.80 no par preferred shares and unlimited no par common shares. There are 14.000 preferred and 42,000 common shares outstanding in a five year period, annual dividends paid were $2,000, $6,000,$69,000. $5,000, and $138,000, respectively. Required: Calculate the amount of dividends that would be paid to each share class for each year under the following separate cases. Where applicable, the matching dividend per common share is $100. Case A Preferred shares are cumulative and non-participating Total Paid Preferred Common Year 1 2 3 Partial Partial Arrears Current Total Partial Arrears Current Total 4 5 Case B Preferred shares are non-cumulative and non-participating. Total Paid Preferred Common Year 1 2 4 5 Cose C Preferred shares are non-cumulative and fully participating. Participation is based on the relative number of shares outstanding Total Paid Preferred Common Year 1 2 3 Current Current Current Matching Balance Total Current Current Matching Balance Total 4 5 Case D Preferred shares are non-cumulative and partially participating up to an additional $0.80 per share. Participation is based on relative annual total base dividends. (Round allocation percentages values to nearest whole percent.) Year Total Paid Preferred Common 1 2 3 Current Current Current Matching Balance Total Current Current Matching Balance Total 4 5

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