Test Information Remaining Time: 1 hour, 59 minutes, 21 seconds. Question Completion Status: 1 2 3 4 5 6 7 8 9 10 14 11 12 13 Question 1 of 14 > >> ..) A Moving to another question will save this response. uestion 1 15 points Save Answer The shareholders' equity section of Liwa Co. includes the items shown below: Common stock, AED 8 par value, 300,000 shares issued and outstanding 5 % Preferred stock, AED 10 par value, 150,000 shares issued and outstanding The board of directors declared cash dividends of AED 65,000, AED 80,000, and AED 200,000 in its first three years of operation-2017, 2018, and 2019 respectively. 1. Calculate the amount of dividends for preferred and common shares for each year of 2017, 2018 and 2019. The preferred stock is cumulative. (11 marks)