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On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative prefered stock and 140,000 shares of common stock authorized, and

On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative prefered stock and 140,000 shares of common stock authorized, and and outstanding at $5 par value. The Company declared and paid cash dividends as follows Question 12 (3 Grades) Year 2018 2019 2020 Dividends $50,000 $110,000 $190,000 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years Please: Present each year in a separate line. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 10pt Ex Ex A Ix P t ***

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