Question 10 Derrce Corporation has the following capital shares outstanding: (a) Common shares, 6,000 shares. (b) $0.60 preferred shares, 2,000 shares, cumulative, with 2 years in arrears excluding the current year. A cash dividend of $6,000 was declared and paid near the end of the current year. (a) Total dividends received by the preferred shareholders would be $ (b) Total dividends received by the common shareholders would be $