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  3. the outstanding share capital of bramble corporati

The outstanding share capital of Bramble Corporation consists of 3,245 preferred shares and 5,900 common...

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Accounting

The outstanding share capital of Bramble Corporation consists of 3,245 preferred shares and 5,900 common shares for which
$265,500 was received. The preferred shares carry a dividend of $7 per share and have a $100 stated value.
Assuming that the company has retained earnings of $103,610 that is to be entirely paid out in dividends and that prefer
dividends were not paid during the 2 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 0 decimal places, e.g.5,275.)
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