Question 1e A portion of the shareholders' equity section from the statement of financial position of Bernard Corporation appears as follows: LOR $2,000,000 Shareholders' equity Preference shares, 9% cumulative, $50 par, 40,000 shares authorized and issued Preference shares, 12% non-cumulative, $100 par, 8,000 shares authorized and issued Ordinary shares, $5 par, 400,000 shares authorized and issued Total contributed capital 800,000 2,000,000 $4,800,000 Assume that all the shares were issued on January 1 and that no dividends were paid during the first two years of operation. During the third year Bernard Corporation paid total cash dividends of $736,000.- REQUIRED A Compute the amount of cash dividends paid during the third year to each of the three classes of shares B. Compute the dividends paid per share during the third year for each of the three classes of shares