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Zach Sports Ltd has 1000 shares of $550 cu tive preferred shares and 10.000 common shares issued and outstanding in the previous year which was

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Zach Sports Ltd has 1000 shares of $550 cu tive preferred shares and 10.000 common shares issued and outstanding in the previous year which was the first year of operations, the company pod total dividends of $1,000. The amount that must be paid to the preferred shareholders in the current year before any dividend is paid to common shareholders Multiple Choice 0 $1000 O $3.500 0 $4.500 0 $10.000 0 50.000

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