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The outstanding share capital of Sheng Inc. Includes 48,000 shares of $9.60 cumulative preferred and 83,000 common shares, all Issued during the first year of

The outstanding share capital of Sheng Inc. Includes 48,000 shares of $9.60 cumulative preferred and 83,000 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 Dividends Declared Year 2018 $ 0 2019 2020 2021 489,000 1,018,000 489,000 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. 2018 2019 Total Dividends 2020 2021 Total Preferred Common Total

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