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You purchased 3,600 common shares of Cullumber Transportation Inc. and you are about to receive your share of Cullumber's total expected dividend of $1,375,200. Along

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You purchased 3,600 common shares of Cullumber Transportation Inc. and you are about to receive your share of Cullumber's total expected dividend of $1,375,200. Along with 360,000 common shares outstanding the company also has 54,000 issued and outstanding, $7.00 dividend, cumulative Class A preferred shares and 39,600 issued and outstanding, $2.00 dividend non-cumulative Class B preferred shares. Dividends on the Class A preferred shares are one year in arrears. (a) What is the amount of dividend you would expect to receive for the 3,600 common shares you own of Cullumber Transportation Inc.? (Round common dividends per share to 2 decimal places, e.g. 5.25 and final answer to 0 decimal places, e.g. 125.) Dividend on 3,600 common shares

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