Homework #2 The equity section of CBA shows the following on December 31, 2016: Share capital-preference6%, $100 par, 4,000 shares outstanding $ 400,000 Share capital-ordinary-$10 par, 60,000 shares outstanding 600,000 Share premium-ordinary 200,000 Retained earnings 114,000 Total equity $1.314.000 Instructions Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/16 and that preference dividends were last paid on 12/31/14, show how much the preference and ordinary shareholders should receive if the preference shares are cumulative and fully participating