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The outstanding share capital of Sheng Inc. Includes 38,000 shares of $9.60 non-cumulative preferred and 73,000 common shares, al issued during the first year of

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The outstanding share capital of Sheng Inc. Includes 38,000 shares of $9.60 non-cumulative preferred and 73,000 common shares, al issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends Year 2018 2019 2020 2021 Total Dividends Declared $ 390,000 1,058,000 390,000 Required: Determine the total dividends paid 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 ors 0 390,000 2018 2019 2020 2021 Total Dividends $ 0 390,000 0 0 390,000 Total for four years 3

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