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Ivanhoe Corporation issued 890,000 of 1.10 noncumulative preferred stock. In its first year of operationsIvanhoe...

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Accounting

Ivanhoe Corporation issued 890,000 of 1.10 noncumulative preferred stock. In its first year of operationsIvanhoe paid $636,350 of dividends to its preferred stockholders in its second year the company paid dividends of $538,450 to its preferred stockholders.

(a) What is the total annual preferred dividend supposed to be for the preferred stockholders?

Total annual preferred dividend:

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