Question: The December 3 1 , 2 0 1 7 , equity section of ZoomZoom Inc's balance sheet appears Delow. ZoomZoom Inc Equity Section of the
The December equity section of ZoomZoom Inc's balance sheet appears Delow.
ZoomZoom Inc
Equity Section of the Balance Sheet
December
Contributed capital:
Preferred shares, $ cumulative, shares authorized $ and issued
Preferred shares, $ noncumulative, shares authorized and issued
Common shares, shares authorized and issued
Total contributed capital
Retained earnings
$
Total equity
$
Required:
All the shares were issued on January when the corporation began operations No dividends had been declared during the first two years of operations and During the cash dividends declared and paid totalled $
Calculate the amount of cash dividends paid during to each of the three classes of shares. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
tabletableCashDividendsCumulative preferred shares,Noncumulative preferred shares,Common shares,
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