Question 4 [15 points]

Holden Corp. has issued and outstanding a total of 45,000 shares of $8 preferred shares and 185,000 common shares. The company began operations and issued both classes of shares on January 1, 2011. Leave no cell blank, fill all cells, even when the total is zero.

Question 4 [15 points] Holden Corp. has issued and outstanding a total of 45,000 shares of $8 preferred shares and 185,000 common shares. The company began operations and issued both classes of shares on January 1, 2011. Leave no cell blank, fill all cells, even when the total is zero. a) Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2011 405,000 2012 25,000 2013 30,000 2014 1,085,000 b) Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are noncumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2011 405,000 2012 25,000 2013 30,000 2014 1,085,000