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PART B: JetNew has the following shares outstanding since their initial offering: 50,000 shares of $2.00 cumulative preferred shares 50,000 common shares issued at $15

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PART B: JetNew has the following shares outstanding since their initial offering: 50,000 shares of $2.00 cumulative preferred shares 50,000 common shares issued at $15 each none The board of directors has declared the following cash dividends: 2015 2016 $50,000 2017 $75,000 2018 $150,000 2019 $300,000 Required: Complete the table below indicating the split of the declared dividends between common shareholders and preferred shareholders each year K J PART B L M Year Total declared Total to Common Shareholders Total to Preferred Shareholders 2015 2016 2017 2018 2019

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