Sandhill Corporation was organized on January 1, 2019. During its first year, the company issued 2,000 shares of HK$50 par value preference shares and 125,000 shares of HK$10 par value ordinary shares. On December 31, the company declared the following cash dividends: 2019, HK$5,000; 2020, HK$14,200; and 2021, HK$29,700 (HK$ in thousands).

Show the allocation of dividends to each class of shares, assuming the preference share dividend is 7% and non-cumulative.

	2019	2020	2021
Allocation to preferred shares	HK$ enter a dollar amount	HK$ enter a dollar amount	HK$ enter a dollar amount
Remainder to ordinary shares	HK$ enter a dollar amount	HK$ enter a dollar amount	HK$ enter a dollar amount

Answer rating: 100% (QA)

Given that Cash dividend declared during the year 2019 HK5... View the full answer