Riverbed, Ltd. has 12,000 outstanding no par value $1.00 preferred shares issued for $120,000 and 35,000 outstanding no par value common shares issued for $24,500. No dividends were paid or declared during 2020 and 2021. Riverbed wants to distribute $41,340 in dividends on December 31, 2022.

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Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are non-cumulative and non-participating.

		Preferred		Common
Total dividends		$		$

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Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and non-participating.

		Preferred		Common
Total dividends		$		$

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	Your answer is incorrect. Try again.

Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and fully participating.

		Preferred		Common
Total dividends		$		$