aignment FULL SCREEN PRINTER VERSION BACK NEXT Question On April 30, the directors of Teal Mountain Corporation declared dividends of $0.80 per common share and directed that preferred dividends be paid as required to the shareholders of record on May 14, payable May 28. The company has 16,100 $0.85 preferred and 54,000 common shares issued. No dividends were paid in the previous fiscal year. (a) x your answer is incorrect. Try again. Calculate the amount of dividends that would be paid if the preferred shares are cumulative, x 27,370 Preferred shares are cumulatives LINK TO TEXT LINK TO VIDEO