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Indigo Corporation issued 160,000, $5.10 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $396,000

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Indigo Corporation issued 160,000, $5.10 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $396,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $1,236,000 to its preferred shareholders. What is the total annual preferred dividend supposed to be for the preferred shareholders? Preferred Dividends $ Question Part Score --/1 Calculate any dividends in arrears in years 1 and 2. (Do not leave any answer field blank. Enter O for amounts.) Year 1: $ Year 2: $ If the preferred shares were noncumulative rather than cumulative, how much dividend would the company likely have paid its preferred shareholders in year 2? (Round the amount per share to 2 decimal places, e.g. 12.50.) The likely amount is $ per share, for a total of $

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