Question 3 Amrit Corporation has outstanding share capital consists of Preferred shares outstanding: 3,000 shares $300,000 Common shares outstanding: 7,000 shares $280,000 The preferred shares carry a dividend of $6 per share and have a $100 stated value. The company decided current year, state how much each class of shares should receive under each of the following condition. Instructions 1. The preferred shares are cumulative and participating. Do not round intermediate calculations but rol 2. The preferred shares are cumulative and non-participating. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI S Paragraph Arial V 10pt any decided to pay $115,000 in dividends and that preferred dividends were not paid during the two years preceding the endition. ons but round answers to the nearest dollar Tiff { || TX % Q alil !!! } 0