Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2023.

During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule.

Required

Part AComplete the following schedule by filling in the shaded areas.

1. Calculate the total dividends paid in each year to the preferred and to the common shareholders.

2. Calculate the dividends paid per share to both the preferred and the common shares in 2023.

Part BRepeat the requirements in Part A assuming the preferred shares are cumulative.

Analysis Component:Which shares would have a greater market value: cumulative or non-cumulative? Explain.

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Preferred shares, $4.48 non-cumulative, 45,000 shares authorized and issued*.. Common shares, 80,000 shares authorized and issued*.. *All shares were issued during 2021 $2,880,000 1,280,000