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The outstanding share capital of Sheng Inc. includes 46,000 shares of $9.60 non-cumulative preferred and 81,000 common shares, all issued during the first year of

The outstanding share capital of Sheng Inc. includes 46,000 shares of $9.60 non-cumulative preferred and 81,000 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 Total Dividends Declared 2021 $ 0 2022 470,000 2023 1,018,000 2024 470,000 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.)

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