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DAIS McNamara Limited$$s ledger shows

the following balances on December $31,2023$:

Preferred shares outstanding: $25,000$ shares $ $625,000$

Common shares outstanding: $40,000$ shares $3,000,000$

Retained earnings $890,000$

Instructions

Assuming that the directors decide to declare total dividends in the amount of $$445,000,$ determine how

much each class of shares should receive under each of the conditions that follow. Note that one year$$s

dividends are in arrears on the preferred shares, which pay a dividend of $$1\mathrm{.}50$ per share.

a$.$ The preferred shares are cumulative and fully participating. Round the intermediate percentage

calculation to four decimal places and the final amount to the nearest dollar.

b$.$ The preferred shares are non$-$cumulative

and non$-$participating.

Round to the nearest dollar.

c$.$ The preferred shares are non$-$cumulative

and are participating in distributions in excess of a $10\%$

dividend rate on the common shares. Round the intermediate percentage calculation to four decimal

places and the final amount to the nearest dollar.

d$.$ Using your answers to parts $($a$),($b$),$ and $($c$),$ create visualizations in Excel that show the dividends

for the common shares and preferred shares in each scenario. Give me calculation in excel format

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