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

SU 3 points Save Answer Question 1 (3 Grades) On January

SU 3 points Save Answer Question 1 (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, E IST For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B 1 y Paragraph x x MUS + 5 E 39 5 O O Q Arial 10pt TT BE 99 S N EN 9 E (6) O WORDS POWERED BY TINY Question 1 of 15

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