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Michigan Manufacturing Inc. reported the below shareholders' equity information for each of the years from 201 to 205. Michigan Manufacturing has not paid any preferred

image text in transcribedimage text in transcribedimage text in transcribed Michigan Manufacturing Inc. reported the below shareholders' equity information for each of the years from 201 to 205. Michigan Manufacturing has not paid any preferred dividends since 20X1. Compute the total amounts of dividends paid to the preferred and common shareholders for 20X4 if total dividends paid were $100,000 in 20X4. Shareholders' Equity Data Compute the total amounts of dividends paid to the preferred and common shareholders for 205 if total dividends paid were $200,000 in 205

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