The outstanding share capital of Sheng Inc. includes $51,000$ shares of $$9\mathrm{.}60$ cumulative preferred and $86,000$ common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends:

Year Total

Dividends Declared

$2021$ $ $0$

$2022517,000$

$20231,058,000$

$2024517,000$

Required:

Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years.

Answer rating: 100% (QA)

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