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Table 13-4 Kelsatron Capital Ltd. Partial Balance Sheet De:ember 31, 2020 Shareholders' Equity Contributed Capital: Preferred shares, $1.00, cumulative, 100,000 shares, authorized 20,000 shares issued and outstanding $100,000 Common shares, unlimited number of shares authorized, 100,000 shares issued and outstanding 350,000 Total contributed capital 450,000 Retained earnings 170,000 Total shareholders' equity $20,000 3) Refer to Table 13-4. Assume that the preferred shares are cumulative and that there have been no dividends declared in 2017, 2018 and 2019. Kelsatron Capital Ltd. declared a total cash dividend of $85,000 on December 3, 2020 for shareholders on record January 31, 2021. Kelsatron Capital Ltd. will pay the dividend on February 12, 2021. Instructions: Calculate the total amount of dividend for each class of shares and prepare the journal entries for each dividend date [no explanations required). Use separate dividends payable accounts for preferred and common shares. If nojournal entry is required, indicate so on the appropriate date. {8 Marks] Using your solution from the previous question, indicate the dividend amount per share received by the common shareholders. Do not round (2 Marks)