The December 31, 2020, equity section of ZoomZoom Inc.'s balance sheet appears below Boondoo Ine Equity Section at the Balance Sheet December 11, 2020 Contented capisal: Prefetred share matative. 40,000 share authorised and 2ued $1.660.000 Preferred share. $10 bar-um stave, 3.000 shares zathniel and issued 90,000 Common share, 400.000 shace: hired an issued 1.750,000 Zetal entranted capital 54.000.000 Retained ning 141,600 Total 1600 Required: All the shares were issued on January 2018 (when the corporation began operations) No dividends had been declared during the first two years of operations 2018 and 2019) During 2020, the cash dividends declared and paid totalled $613,300 1. Calculate the amount of cash dividends paid during 2020 to each of the three classes of shares Anh Ca nh Cumulative preferred the Native areas Common shares 2. Assuming profit eamed during 2020 was $1.250,000, determine the December 31, 2019, balance in retained earnings 3. Prepare a statement of changes in equity for the year ended December 31, 2020 (Amounts to be deducted should be Indicated by a minus sign.) ZOOMZOOMING Statement Change in Egity For Year Ended Deneme2020 Preferred Preterred share Camino $3.75 510 Non Whe Recand camings Tecar equity Banusy Sunnhet Dwiede Bamber OS PIA 4 of BE Next