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M Mani dVallable for a corporation with an April 30, 2022 year-end: The shares were issued when the corporation began operations on May 1, 2015. No dividends were declared during the fiscal years ended 2020 and 2021. On February 28, 2022, the board of directors declared the required preferred share dividends and a $0.85 dividend for each of the common shares. The dividends are payable on April 1, 2022, to the shareholders of record on March 15, 2022 Preferred shares, $2.25 cumulative, 35,000 shares issued $1.000.000 Preferred shares, $3.75 noncumulative, 10.000 shares issued 600,000 Common shares, 150,000 shares issued 900,000 How much will be paid to each class of shares? Year Cumulative Preferred Non-cumulative Preferred Common 2020 $ $ $ 2021 $ $ $ 2022 $ $ $ Prepare journal entries on the appropriate dates for the 2022 dividends. (Credit account tites are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 28, 2022 > April 1, 2022