Question 2 The shareholders' equity of Deer Lid . at the end of 2020 and 2019 appeared as follows 2020 2019 hare capital , preferred shares , $2 cumulative , 2 000,000 shares authorized , 26,090 shares issued $182, 000 $182 ,000 Share capital , 5 000 , 000 common shares authorized , 1 280, 000 common shares issued ( 2019 - 1 090,000 shares ) 5 310 , 000 4 360 , 000 Retained earnings 3 902 00 3 1 14, 000 Total shareholders equity $9 394 000 $7 656 , 000 During 2020 , Deer paid a total of $124 400 in cash dividends ( a ) Assume the preferred shares w shares were not in arrears at December 31 , 2019 . How was the $ 124 400 in cash dividends distributed between the two types of shares in 2020 ? Preferred Common otal 2020( b ) Assume the preferred share dividends were in arrears For one year ; that is , the dividends were not paid in 2019 . How was the $124 , 400 in cash dividends distributed between the two classes of shares ? Preferred Common Total 2019 arrears 2020