Question: Bentley Inc. ' s equity includes 1 4 0 , 0 0 0 shares of $ 2 . 0 0 noncumulative preferred shares that had

Bentley Inc.'s equity includes 140,000 shares of $2.00 noncumulative preferred shares that had been issued for $480,000 and 340,000 common shares that had been issued for a total of $460,000. Bentley Inc. did not declare any dividends during the prior year and now declares and pays a $340,000 cash dividend. What is the amount allocated to preferred shareholders? What is the amount allocated to common shareholders? What is the total dividend?

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