McEwen Corporation began operations in 2018 with the following capital structure:

1.		Common shares, Class A: 8,030,000 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 $16,060,000.
2.		Common shares, Class B: unlimited authorized; 1,000,000 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 $35,000,000.
3.		Preferred shares: unlimited authorized; 3,420,000 issued and outstanding. The cumulative participating preferred shares are non-voting and received a preferential dividend of $0.15 per share per year. Total share capital for the preferred shares as at the end of the year was $17,100,000.

a) b) c) d) (Chart from part d continued)

McEwen Corporation did not declare any dividends in 2018 or 2019. What is the amount of dividends in arrears? 2018 2019 $ $ Dividends in arrears at the end of year Assume that McEwen has $10,050,000 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 O decimal places, e.g. 52,016.) To Common, Class A Shareholders To Common, Class B Shareholders To Preferred Shareholders Total dividend paid $ $ TA $ Dividend per share $ $ $ On average, what was the original share price for each class of shareholder? $ Class A common shareholders per share $ Class B common shareholders per share $ $ Preferred shareholders per share What portion of the total available vote does each class of shareholder have? Prepare a table comparing the voting rights with the capital invested. (Round portion of votes to 2 decimal places, e.g. 10.25% and portion of capital contributed to 1 decimal place, e.g. 10.2%.) Preferred Class A Common Class B Comm Number of votes available to be cast Portion of votes % % $ $ ta Capital invested Portion of capital contributed % % What portion of the total available vote does each class of shareholder have? Prepare a table comparing the voting rights with the capital invested. (Round portion of votes to 2 decimal places, e.g. 10.25% and portion of capital contributed to 1 decimal place, e.g. 10.2%.) Class A Common Class B Common Total % % % % $ ta $ % % % %