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urgent The outstanding share capital of Sheng Inc. includes 42,000 shares of $9.60...

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The outstanding share capital of Sheng Inc. includes 42,000 shares of $9.60 cumulative preferred and 77,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Year 2018 2019 2020 2021 Total Dividends Declared $ @ 430,000 1,078,000 430,000 Required: Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years. Total Dividends 2018 2019 2020 2021 Total Preferred $ 0 $ 430,000 $ 430,000 Common $ 0 $ 0 $ 0 Total 0 $ 430,000 $ 0 $ 0

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