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Question 8 (10 points) Citizen Supplies Ltd. Issued 4,000 $6 Cumulative Preferred Shares and 80,000 Common Shares. The Company declared the following cash dividends: Year
Question 8 (10 points) Citizen Supplies Ltd. Issued 4,000 $6 Cumulative Preferred Shares and 80,000 Common Shares. The Company declared the following cash dividends: Year 1 $30,000 Year 2 $24,000 Year 3 $48.000 Year 4 $19.000 Year 5 $35.000 Use the boxes provided below to allocate the cash dividends between preferred shares (left box) and common shares (right box) for each year below. This question is auto-graded. Do not enter "$" or on in your response. Simply type the amount. such as "1000. If the amount is zero, type "O: Failure to follow this instruction may result in your response being marked as incorrect. What is the allocation of dividends between (1) Preferred and (2) Common for YEAR 1 What is the allocation o dividends between a Preferred and (2) Common for Allempl What is the allocation of dividends between (1) Preferred and (2) Common for YEAR 2 What is the allocation of dividends between (1) Preferred and (2) Common for YEAR 3 What is the allocation of dividends between (1) Preferred and (2) Common for YEAR 4 What is the allocation of dividends between (1) Preferred and (2) Common for YEAR 5
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