Q3

Question 3 of 15 3 points (3 Grades) On January 1, 2018, Manama Company has 8% 80,000 shares of $20 par value, Cumulative preferred stock and 280,000 shares of common stock authorized, issued and outstanding at $5 par value. The Company declared and paid cash dividends as follows: Save Anger Year Dividends 2018 $100,000 2019 $220,000 2020 $380,000 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). BI U $. Paragraph Arial V 10pt > IK x? X2 >TTTT | +