Question 6 Gigantic Manufacturing has paid all preferred dividends through 2017 and has the following Shareholders' Equity details in its financial statements: Shareholders' Equity: Preferred shares, cumulative, $0.05, 50,000 shares issued $ 50,000 Common shares, 9,250,000 shares issued $ 925,000 Total Shareholders' Equity $ 975,000 Required: 1 What are the dividends paid to each class of shares in 2018 if the total dividends are $85,000 for 2018? 2 What are the dividends paid to each class of shares in 2019 if the total dividends are $170,000 for 2019? Marks Available: 2