Requirement 1. How much in dividends must Federer Express declare each year before the common shareholders receive cash dividends for the year? The amount of dividends Federer Express must declare each year before the common shareholders receive cash dividends for the year is $. Requirement 2. Suppose Federer Express declares cash dividends of $25,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Preferred shareholders receive $ Common shareholders receive S Requirement 3. Are Federer Express's preferred shares cumulative or noncumulative? How can you tell? Federer Express Corp.'s preferred shares are because they are designated as Requirement 4. Suppose Federer Express did not pay the preferred dividend in 2018 and 2019. In 2020, Federer Express declares cash dividends of $42,000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Preferred gets $ Common gets $ Shareholders' equity Federer Express Corp. Balance Sheet (Partial) December 31, 2020 Shareholders' Equity Contributed capital Preferred shares, $5.00, 10,000 shares authorized, 3,500 shares issued and outstanding Common shares, 100,000 shares authorized, 30,000 shares issued and outstanding Total contributed capital Retained earnings Total shareholders' equity 103,000 152,000 255,000 648,000 903,000 Print Done