Question: q3 Question 3 3 points Save Answer (3 Grades) On January 1, 2018, Manama Company has 8% 80,000 shares of $20 par value, Cumulative preferred

q3 Question 3 3 points Save Answer (3 Grades) On January

Question 3 3 points Save Answer (3 Grades) On January 1, 2018, Manama Company has 8% 80,000 shares of $20 par value, Cumulative preferred stock and 280,000 shares of common stock authorized, issued and outstanding at $5 par value. The Company declared and paid cash dividends as follows: Year Dividends 2018 $100,000 2019 $220,000 2020 $380,000 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years Please: Present each year in a separate line. For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac), BI U $ Paragraph Arial V 10pt !!! Hi I. 26 o Q . = = = MI il X2 X, STT - + + res E

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