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The outstanding share capital of Sheng Inc. Includes 53,000 shares of $9.60 cumulative preferred and 88,000 common shares, all issued during the first year

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The outstanding share capital of Sheng Inc. Includes 53,000 shares of $9.60 cumulative preferred and 88,000 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 bok Year 2018 2019 Declared $ 0 536,000 2020 ant 2021 1,098,000 536,000 ences 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. Preferred Common Total Total Dividends. 2018 2019 2020 2021 Total $ 0 $ 0 $ 0 S 0 S 0

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