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The outstanding share capital of Sheng Inc. includes 44,000 shares of $9.60 umerative preferred and 79,000 common shares, all issued during the first year of
The outstanding share capital of Sheng Inc. includes 44,000 shares of $9.60 umerative preferred and 79,000 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! Year Dividends Declared 2018 5 2019 2020 1,038,000 2031 450,000 Required: Determine the total didendis paldin each year to each class of shareholders. Also determine the total dividends paid to each class over the four years. Total Dividends 2020 2018 2010 2021 Total 0 $ 5 Pred Common Total ol Os OS 0
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