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 31,2017, equity section of ZoomZoom Inc's balance sheet appears Delow.
ZoomZoom Inc
Equity Section of the Balance Sheet
December 31,2017
Contributed capital:
Preferred shares, $375 cumulative, 33,000 shares authorized $1,590,000 and issued
Preferred shares, $10 non-cumulative, 8,700 shares authorized 600,000 and issued
Common shares, 330,000 shares authorized and issued
1,680,000
Total contributed capital
Retained earnings
$3,870,000
Total equity
$4,576,600
Required:
All the shares were issued on January 1,2015(when the corporation began operations) No dividends had been declared during the first two years of operations (2015 and 2016). During 2017, the cash dividends declared and paid totalled $578,300.
Calculate the amount of cash dividends paid during 2017 to each of the three classes of shares. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)
\table[[,\table[[Cash],[Dividends]]],[Cumulative preferred shares,],[Noncumulative preferred shares,],[Common shares,]]
 The December 31,2017, equity section of ZoomZoom Inc's balance sheet appears

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