Question: Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 139,000 shares issued and outstanding

 Flatfish Limited reported the following items in shareholders' equity on December31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 139,000 shares issuedand outstanding Share capital: Common shares, 818,000 issued and outstanding Retained earnings

Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 139,000 shares issued and outstanding Share capital: Common shares, 818,000 issued and outstanding Retained earnings $13,900,000 32,720,000 24,950,000 (a) No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,743,500 were declared. Calculate how much would be paid to each class of shares. Common Total Preferred $ $ $ $ 2018 arrears 2019 arrears 2020 HA $ $ $ $ Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.) $ $ Cash dividend per share

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