Question: (Learning Objective 4: Computing dividends on preference and ordinary share) Huron Manufacturing, Inc., reported the following: Huron Manufacturing has paid all preference dividends through 20X7.

(Learning Objective 4: Computing dividends on preference and ordinary share)

Huron Manufacturing, Inc., reported the following:

Huron Manufacturing has paid all preference dividends through 20X7.

❙ Requirement 1. Compute the total amounts of dividends to both preference and ordinary shares for 20X6 and 20X7 if total dividends are $60,000 in 20X6 and $120,000 in 20X7.

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