QUESTION #7 Distribution of Dividends XIX Company has 10,000 shares of S6 preferred shares and 100,000 shares of commor It has declared and paid dividends each year as shown below. Required: Calculate the total dividends distributed to each class of shareholder under the assumption that the Preferred Shares are Cumulative. Year Dividends Calculations Preferred Dividend Common Declared Dividend and Paid 2017 $10,000 2018 $80,000 CYMI 2019 $500,000