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Nevada Corp. has the following share capital: Preferred shares Common shares Total share capital 300 shares (at $100/share) 600 shares $30,000 $90.000 S120,000 The preferred

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Nevada Corp. has the following share capital: Preferred shares Common shares Total share capital 300 shares (at $100/share) 600 shares $30,000 $90.000 S120,000 The preferred shares pay an annual dividend of S4 per share. They are non-cumulative and participate in distributions in excess of 6%. California Corp. has declared dividends totaling $15,000. Required Calculate the amount of dividends that each class of share will receive

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