Question2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,000 shares issued Share capital, 5,000,000 common shares authorized, 1,280,000 $182,000 $182,000 common shares issued (2019-1,090,000 shares) Retained earnings Total shareholders' equity 5,310,000 4,360,000 3,902,000 3,114,000 $9,394,000 $7,656,000 During 2020, Deer paid a total of $124,400 in cash dividends. Assume the preferred shares were not in arrears at December 31, 2019. How was the $124,400 in cash dividends distributed between the two types of shares in 20201? Preferred Common Total 2020