The is no interest on shares.

The outstanding share capital of Sheng Inc. includes 46,000 shares of $9.60 cumulative preferred and 81,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Dividends Declared $ Year 2017 2018 2019 2020 C 470,000 1,018,000 470,000 Required: Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years. (Leave no cells blanks, enter "0" where ever required.) Total Dividends Total 2017 2018 2019 2020 Preferred Common Total