E10-44B. (Learning Objective 4: Computing dividends on preference and ordinary share)

Eerie Manufacturing, Inc., reported the following:

Eerie Manufacturing has paid all preference dividends through 20X3.
Requirement 1. Compute the total amounts of dividends to both preference and ordinary for 20X6 and 20X7 if total dividends are €110,000 in 20X6 and €220,000 in 20X7.

A1 1 Shareholders' Equity 2 Preference share, cumulative, $1.50 par, 7%, 60,000 shares issued 3 Ordinary share, $0.20 par, 9,120,000 shares issued 4 90,000 1,824,000