McEwen Corporation began operations in 2018 with the following capital structure: 1. Common shares, Class A: 8,040,000 authorized and outstanding. The Class A common shares are entitled to 10 votes per share and to receive dividends as declared by the board of directors. Total share capital for the Class A common shares at the end of the year was $16,080,000. 2. Common shares, Class B: unlimited authorized; 990,000 issued and outstanding. Class B shares are entitled to one vote per share. The Class B shares receive dividends as declared by the board of directors equal to Class A shares. Total share capital for the Class B shares at the end of the year of $34,650,000. 3. Preferred shares: unlimited authorized; 3,430,000 issued and outstanding. The cumulative participating preferred shares are non-voting and received a preferential dividend of $0.16 per share per year. Total share capital for the preferred shares as at the end of the year was $17,150,000.

McEwen Corporation began operations in 2018 with the following capital structure: 1. Common shares, Class A: 8,040,000 authorized and outstanding. The Class A common shares are entitled to 10 votes per share and to receive dividends as declared by the board of directors. Total share capital for the Class A common shares at the end of the year was $16,080,000. 2. Common shares, Class B: unlimited authorized; 990,000 issued and outstanding. Class B shares are entitled to one vote per share. The Class B shares receive dividends as declared by the board of directors equal to Class A shares. Total share capital for the Class B shares at the end of the year of $34,650,000. 3. Preferred shares: unlimited authorized; 3,430,000 issued and outstanding. The cumulative participating preferred shares are non-voting and received a preferential dividend of $0.16 per share per year. Total share capital for the preferred shares as at the end of the year was $17,150,000. X Your answer is incorrect. McEwen Corporation did not declare any dividends in 2018 or 2019. What is the amount of dividends in arrears? 2018 2019 2744000 $ Dividends in arrears at the end of year $ 5488000 e Textbook and Media X Your answer is incorrect. Assume that McEwen has $10,100,000 available for dividend payments in 2020. What will be the total dividend paid to each of the preferred and Class A and B common shareholders as a class and on a per-share basis? (Round pro-rata allocation rate to 5 decimal places, e.g. 12.35764%. Round dividend per share to 3 decimal places, e.g. 15.257 and total dividend paid answers to 0 decimal places, e.g. 52,016.) To Common, Class A Shareholders To Common, Class B Shareholders To Preferred Shareholders Total dividend paid 548800 8506320 $ 1047420 $ $ Dividend per share $ 0.16 $ 1.058 $ 1.058 eTextbook and Media