Help Save & Ext Subm Check my work Required information (The following information applies to the questions displayed below) Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash . . 1,600,000 shares of no-par common stock were authorized; 338,000 shares were issued on January 1, 2019, at $29 per share. 424,000 shares of $110 par value, 10.00% cumulative, preferred stock were authorized; 141,000 shares were issued on January 1, 2019, at $138 per share. No dividends were declared or paid during 2019 or 2020. However, on December 22, 2021, the board of directors of Permabilt Corp, declared dividends of $5,810,000, payable on February 12, 2022, to holders of record as of January 8, 2022. b. Of the total amount of dividends declared during 2021, how much will be received by preferred shareholders? Dividends received by Preferred shareholders < Prev of 4 Next >