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The following share capital information is avallable fof a corporation with an Aprif 30,2022 year cou. The shares were issued when the corporation began operations

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The following share capital information is avallable fof a corporation with an Aprif 30,2022 year cou. The shares were issued when the corporation began operations on May 1.2015. No dividends were deciared during the fiscal years ended 2020 and 2021 . On February 28, 2022, the board of directors deciared the required preferred share dividends and a $0.75 dividend for each of the common shares. The dividends are payable on April 1.2022, to the shareholders of record on March 15, 2022. How much will be paid to each class of shares? Question Part Score Prepare journal entries on the appropriate dates for the 2022 dividends. (Credit account tities are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Prepare journal entries on the appropriate dates for the 2022 dividends. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media Question Part Score Assume instead that the maximum cash dividend the company can pay is $297.000. Determine how much will be paid to the preferred shareholders and to the common shareholders

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