The outstanding share capital of Sheng Inc. includes 51,000 shares of $9.60 cumulative preferred and 86,000 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 2021 2022 2023 2024 $ Preferred Common Total Total Dividends Declared 0 517,000 1,058,000 517,000 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. $ $ 2021 0 $ 0 0 $ 2022 489,600 Total Dividends 2023 25 489,600 $ ........ 0 $ 2024 0 $ $ Total 489,600 0

The outstanding share capital of Sheng inc. Includes 51,000 shares of $9.60 cumulative preferred and 86,000 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: 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