Problem Three: Part B: Robin-Mart Ltd. has 500,000 Common shares, issued and outstanding. They also have 100,000 $6 Preferred shares that are non-cumulative. They have not paid dividends in 2018 and 2019, but are ready to pay dividends in 2020, in the amount of $2,300,000. Calculate how much each type of share (per share and in total) will receive, and record the dividend declaration and payment as two journal entries on December 15, 2020