Kangaroo Media Inc. has issued and outstanding a total of 40,000 shares of $7.20 preferred shares and 120,000 of common shares. The company began operations and issued both classes of shares on

January 1, 2013.

Required

1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative.

January 1, 2013.

Required

1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative.

2. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares arenon-cumulative.

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