Corporations Assignment Question One - CASH dividends (8 marks) Accentrics Limited has the following share capital at December 31, 2017: Preferred Shares A $3.50 cumulative, 20 000 shares issued $1 000 000 Preferred Shares B, $4.50 noncumulative, 10 000 shares issued 500 000 Common Shares, 300 000 shares issued 1 500 000 No dividends were declared during 2016 and 2017. On October 31, 2018 the Board of Directors declared the required preferred share dividend and a 50 cent dividend for the common shares. The dividends are payable on December 1, 2018 to the shareholders of record on November 16, 2018. Fill in the chart below for how much each class of share would receive in dividends based on the two scenarios: (a) Accentrics pays the full dividend owed to shareholders (b) Accentrics is only able to pay $200 000 Preferred Shares A Preferred Shares B Common Shares Dividends in Arrears? (a) Full Dividend Paid (b)$200 000 Dividend is Paid