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  3. instant corp. has outstanding 20,000 no par value,

Instant Corp. has outstanding 20,000 no par value, $ 0.60, preferred shares and 100,000 no...

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Instant Corp. has outstanding 20,000 no par value, $ 0.60, preferred shares and 100,000 no par value common shares. Dividends have been paid every year except last year and the current year. The carrying value of the preferred shares is $ 200,000 and of the common shares is $ 300,000. If the preferred shares are cumulative and non-participating and $ 100,000 is distributed as a dividend, the common shareholders will receive {Insert your answer in the box below. Your answer should only involve digitsumbers. Do not use a dollar sign ($) or a comma (,) in your answer (the system will give you an error message). For EPS calculations, use 2 decimal places

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