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The outstanding share capital of Sheng Inc. includes 52,000 shares of $9.60 cumulative preferred and 87,000 common shares, all issued during the first year of
The outstanding share capital of Sheng Inc. includes 52,000 shares of $9.60 cumulative preferred and 87,000 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 2018 $ 0 2019 527,000 2020 1,078,000 2021 527,000
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.
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