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Sheridan Corporation has the following shareholders equity on September 30, 2021: Shareholders' equity Share capital $10 preferred shares. cumulative 10,000 shares authorized, 6500 shares issued
Sheridan Corporation has the following shareholders equity on September 30, 2021: Shareholders' equity Share capital $10 preferred shares. cumulative 10,000 shares authorized, 6500 shares issued $6500000 Common shares 200,000 shares authorized, 11000 shares issued 220000 Total share capital 6720000 Retained earnings 595000 Total shareholders' equity $7315000 On September 15, 2021. Sheridan Corporation declared a $161000 dividend to be paid on October 15 to shareholders ofrece September 30. Assuming there were no dividends in arrears, the total amount of the dividend paid to the preferred shareholde 2021 would be
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