Spector Enterprises Limited has not paid out dividends to their preferred shareholders for the past four years. In the current year, the Board of Directors declared a $158,080 cash dividend. Other pertinent information is below:

Determine the total dividends paid to each class and the dividend per share to both common and preferred shareholders and show your work

$ 196,000 228,000 Contributed Capital Preferred Shares, $5, cumulative, 5,700 shares outstanding Common shares, no-par value, unlimited shares authorized, 25,000 shares issued Total contributed capital Retained Earnings Total Equity 424,000 450,000 874,000 $