Question #$4(6$ marks$)$

The current fiscal year is $2024$ and Olympia Enterprises Limited's preferred shareholders have not received dividends for the past four years. In $2024,$ the Board declared a $$162,240$ cash dividend. Other details, below:

Contributed Capital

Preferred Shares, $$5,$ cumulative, $5,200$ shares outstanding

Common shares, no$-$par value, unlimited shares authorized, $40,000$ shares issued

$$,205,000$

$205,000$

Total contributed capital

Retained Eamings

$\backslash$table$[[410,000],[,459,000$