The outstanding share capital of Grouper Corporation consists of 2,600 shares of preferred and 7,300 common...

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The outstanding share capital of Grouper Corporation consists of 2,600 shares of preferred and 7,300 common shares for which $292,000 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value. Assuming that the company has retained earnings of $83,600 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 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 Dividends $ eTextbook and Media Common Total $ The outstanding share capital of Grouper Corporation consists of 2,600 shares of preferred and 7,300 common shares for which $292,000 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value. Assuming that the company has retained earnings of $83,600 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 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 Dividends $ eTextbook and Media Common Total $