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The outstanding share capital of Sheng Inc. Includes 37,000 shares of $9.60 non-cumulative preferred and 72,000 common shares, all Issued during the first year of
The outstanding share capital of Sheng Inc. Includes 37,000 shares of $9.60 non-cumulative preferred and 72,000 common shares, all Issued during the first year of operations. During its first four years of operations, the corporation declared and pald the following amounts In dividends: Total Year Dividends Declared 2018 $ 2019 380,000 202e 1,078,000 2021 380,000 Required: Determine the total dividends pald In each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter"0" where ever required.) Preferred Common of $ Total Dividends $ 2018 0 2019 2020 2021 Total for four years $ 0
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