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The outstanding share capital of Ayayai Corporation consists of 2,600 shares of preferred and 6,800 common shares for which $244,800 was received. The preferred shares

The outstanding share capital of Ayayai Corporation consists of 2,600 shares of preferred and 6,800 common shares for which $244,800 was received. The preferred shares carry a dividend of $5 per share and have a $100 stated value.

Assuming that the company has retained earnings of $55,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are non-cumulative and non-participating.

Preferred Common Total

Dividends

$enter a dollar amount $enter a dollar amount $enter a dollar amount

Assuming that the company has retained earnings of $55,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and non-participating.

Preferred Common Total

Dividends

$enter a dollar amount $enter a dollar amount $enter a dollar amount

Assuming that the company has retained earnings of $55,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and participating. (Round answers to 0 decimal places, e.g. 5,275.)

Preferred Common Total

Dividends

$enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places

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