Question: Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 145,000 shares issued and outstanding

 Flatfish Limited reported the following items in shareholders' equity on December

Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 145,000 shares issued and outstanding Share capital: Common shares, 739,000 issued and outstanding Retained earnings $14,500,000 29,560,000 26,730,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5,176,350 were declared. Calculate how much would be paid to each class of shares. Preferred Common Total $ $ $ 2018 arrears 2019 arrears 2020 $ $ e Textbook and Media Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.) $ Cash dividend per share

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