Answer the following questions about Federer Express Corp.'s dividends. (Click the icon to view the shareholders' equity of the corporation.) Required 1. How much in dividends must Federer Express declare each year before the common shareholders receive cash dividends for the year? 2. Suppose Federer Express declares cash dividends of $20,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shareholders? 3. Are Federer Express's preferred shares cumulative or noncumulative? How can you tell? 4. Suppose Federer Express did not pay the preferred dividend in 2018 and 2019. In 2020, Federer Express declares cash dividends of $40,000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Shareholders' equity Requirement 1. How much in dividends must Federer Express declare each year before the common shareholders receive cash dividends for the year? The amount of dividends Federer Express must declare each year before the common shareholders receive cash dividends for the year is $0. Federer Express Corp. Balance Sheet (Partial) December 31, 2020 Shareholders' Equity Contributed capital Preferred shares, $5.00, 10,000 shares authorized, 2,500 shares issued and outstanding Common shares, 100,000 shares authorized, $ 99,000 30,000 shares issued and outstanding 149,000 Total contributed capital 248,000 640,000 Enter your answer in the answer box and then click Check Answer. Retained earnings $ Total shareholders' equity 888,000 3 parts Clear All Ansy Answer the following questions about Federer Express Corp.'s dividends. (Click the icon to view the shareholders' equity of the corporation.) Required 1. How much in dividends must Federer Express declare each year before the common shareholders receive cash dividends for the year? 2. Suppose Federer Express declares cash dividends of $20,000 for 2020. How much of the dividends go to preferred shareholders? How much goes to common shareholders? 3. Are Federer Express's preferred shares cumulative or noncumulative? How can you tell? 4. Suppose Federer Express did not pay the preferred dividend in 2018 and 2019. In 2020, Federer Express declares cash dividends of $40,000. How much of the dividends go to preferred shareholders? How much goes to common shareholders? Shareholders' equity Requirement 1. How much in dividends must Federer Express declare each year before the common shareholders receive cash dividends for the year? The amount of dividends Federer Express must declare each year before the common shareholders receive cash dividends for the year is $0. Federer Express Corp. Balance Sheet (Partial) December 31, 2020 Shareholders' Equity Contributed capital Preferred shares, $5.00, 10,000 shares authorized, 2,500 shares issued and outstanding Common shares, 100,000 shares authorized, $ 99,000 30,000 shares issued and outstanding 149,000 Total contributed capital 248,000 640,000 Enter your answer in the answer box and then click Check Answer. Retained earnings $ Total shareholders' equity 888,000 3 parts Clear All Ansy