Question 12 of 16

Question 12 of 16 Larkspur Inc. started its operations with the following share capital: 50.500, $300 preferred shares. and 244,800 shares. For its first five years 0' operations. dividends were declared and paid as follows. Year 1 Year 2 Year 3 Year Year 5 $120.200 $109,600 $200,700 $151,500 $279,600 Determine how the dividends trom each year Would be allocated if the preferred shares were noncumulative. Allocation Noncumulative Preferred Dividend