Problem 12-5A Dividend allocation L05 Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2020 Preferred shares, $4.56 non-cumulative, 53,000 shares authorized and issued* $3,392,000 Common shares, 88,000 shares authorized and issued* 1,408,000 "All shares were issued during 2018. During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule. Required: Part A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders. Preferred Dividend Common Dividend Year 2018 2019 2020 Total for three years Total Dividend $ 168,000 408,000 568,000 $ 1,144,000 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.) Dividends Paid per Share Preferred shares Common shares Part B 1. Calculate the total dividends paid in each year to the preferred shares and to the common shareholders assuming preferred shares are cumulative Preferred Dividend Common Dividend Year 2018 2019 2020 Total for three years Total Dividend $ 168,000 408,000 568,000 $ 1,144,000 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.) Dividends Paid per Share Preferred shares Common shares