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The outstanding share capital of Sheng Inc. includes 43,000 shares of $9.60 cumulative preferred and 78,000 common shares, all issued during the first year of

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The outstanding share capital of Sheng Inc. includes 43,000 shares of $9.60 cumulative preferred and 78,000 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: Total Year Dividends Declared 2018 $ 2019 440,000 2020 1,858, Bee 2821 440,000 Required: Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years. Total Dividends 2018 2015 2020 $ O $ 2021 412,800 $ S 412.800 Total 412.800 D Preferred Common Total $ 0 0 $ 0 $ 0 $

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