Question 32 On April 30, the directors of Marin Corporation declared dividends of $0.75 per common share and directed that preferred dividends be paid as required to the shareholders of record on May 14, payable May 28. The company has 16,300 $0.80 preferred and 41,700 common shares issued. No dividends were paid in the previous fiscal year. x Your answer is incorrect. Try again. Calculate the amount of dividends that would be paid if the preferred shares are cumulative. 26,080 Preferred shares are cumulative LINK TO TEXT LINK TO VIDEO x Your answer is incorrect. Try again. Calculate the amount of dividends that would be paid if the preferred shares are noncumulative. Preferred shares are noncumulative LINK TO TEXT LINK TO VIDEO