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The outstanding share capital of Sheng Inc includes 56,000 shares of $960 cumulative preferred and 91,000 common shares, all issued during the first year of

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The outstanding share capital of Sheng Inc includes 56,000 shares of $960 cumulative preferred and 91,000 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 2018 2019 2020 2021 Total Dividends Declared $ 565,000 1,158,000 565,000 Required: Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each closs over the four years 2018 Total Dividends 2020 2019 2021 Total Preferred Common Total

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