Question 11 8 points Save Answer Vegas Corporation had the following shares outstanding when the board of directors declared a $95,000 cash dividend: $3, Preferred shares, 7,000 shares issued and outstanding $250,000 Common shares, 50,000 shares issued and outstanding 500,000 Total $750,000 Allocate the dividend between the preferred and common shareholders assuming the preferred shares are cumulative and are one year in arrears. In the prior year there was 6,000 preferred shares outstanding. Your answer should indicate the total amount of dividends allocated to each type of shareholder. (8 Points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU Paragraph Arial 14px V V A V V O