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View Policies Current Attempt in Progress The shareholders' equity section of Charley Corporation is as follows: CHARLEY CORPORATION Balance Sheet (partial) December 31, 2021 Contributed capital $2 cumulative preferred shares, 10,000 shares authorized, 6,000 shares issued Common shares, 750,000 shares authorized, 600,000 shares issued Contributed surplus Total contributed capital Retained earnings Total shareholders' equity $300,000 1,200,000 10,000 1,510.000 1,858,000 $3,368.000 Review the shareholders' equity section and answer the following questions. 314 B D ANSWER THE FOLLOWING QUESTIONS USING THE INFORMATION FROM WILEYPLUS 4 5 1. How many common shares have been issued? 6 7 2. How many preferred shares have been authorized? fo 9 3. What is the dividend rate for the preferred shares? 10 12 4. What is the average per share amount of the common shares? 5. The company declares a dividend of $150,000 on December 31, 2021. The company has not declared or paid dividends in 2019 and 2020. How much would each class of shares receive? Preferred shareholders would receive: IETE 12 Common shareholders would receive