Why the answer of Question e) are

Dividend to common shareholders = $269000-5000x6x3 = $179000 not the 269000-5000x6x2=$209000

Dividend to preferred shareholders = 5000x6x3 = $90000 not the 5000x6x2=$60000

Dividend per common share = $179000 / 90000 = $1.99 per share not the $209000 / 60000 = $3.48 per share

Northstar Corp.'s common shares are currently selling on a stock exchange at $6 per share, and a recent balance sheet shows the information below. Using the information given, answer the following questions: Northstar Corp. Equity Section of Balance Sheet December 31, 2014 Contributed capital Preferred shares, $6.00 cumulative, 5,000 shares authorized, issued, and outstanding 60,000 90,000 common shares authorized, issued, and outstanding. 630,000 Total contributed capital 690,000 Retained earnings 360,000 Total equity 1,050,000 e) Assuming two years of preferred dividends are in arrears, and the board of directors declares dividends of $269,000, calculate the following values. Dividends to common shareholders $179,000 Dividends to preferred shareholders $90,000 Dividends per common share $1.99 Marking: You have completed this part correctly