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The following elements of shareholders' equity are adapted from the balance sheet of Bentley Marketing Ltd. A (Click the icon to view the data.) The
The following elements of shareholders' equity are adapted from the balance sheet of Bentley Marketing Ltd. A (Click the icon to view the data.) The company has paid all dividends through 2018. Required Compute the dividends paid to the preferred shareholders and to common shareholders for 2019 and 2020 if total dividends are $0 in 2019 and $41,000 in 2020. (Round your answers to the nearest whole dollar.) Complete the table below. Class of Shares Dividend 2019 Dividend 2020 Shareholders' equity x Preferred Common Total Shareholders' Equity $ 66,000 Preferred shares, $0.25, cumulative, 250,000 shares authorized, 66,000 shares issued and outstanding Common shares, 3,000,000 shares authorized, 970,000 shares issued and outstanding 2,300,000 Print Done
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