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The outstanding share capital of Sheng Inc. Includes 41000 shares of $9.50 non-cumulative preferred and 76.000 common shares all issued during the first year of
The outstanding share capital of Sheng Inc. Includes 41000 shares of $9.50 non-cumulative preferred and 76.000 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: 2011 2019 2020 Total Dividends Declared 5 420, 1.013,000 420.00 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"" where ever required) 2018 2019 2020 Answer is complete but not entirely correct. Total Preferred Common Dividends S D S 0 420 000 0 % 420 000 750.800 257 2008 1018000 393,600 25,400 420,000 Total for four years $185.000 202
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