Your answer is partially correct. Assuming that the company has retained earnings of $83,600 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and participating. (Round answers to decimal places, eg. 5,275.) Preferred Common Total Dividends $ 62400 $ 21200 $ $ 83600 e Textbook and Media X Your answer is incorrect