Please refer to the screenshot below:

3. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are non-cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2018 $250,000 2019 55,000 2020 325,000 2021 280,000 Total 910,000 4. Calculate the dividends per share to both the preferred and the common shares in 2020 based on the information above