Windsor Corporation had net income for the current year ending December 31, 2023 of $1,184,375. Throughout...

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Windsor Corporation had net income for the current year ending December 31, 2023 of $1,184,375. Throughout 2023 the following items were outstanding: 410,500 common shares 18,500 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 49,500 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. $518,000,8% bonds that were convertible to 14,000 common shares $310,000, 10% bonds convertible to 10,000 common shares No dividends were declared or paid in 2023. Windsor's tax rate is 25%. (a) (b) * Your answer is incorrect. Calculate the income effect of the dividends for the Class B preferred shares. (Do not leave any answer field blank. Enter O for amounts.) Dividends on Class B preferred shares LA $ 99000 Windsor Corporation had net income for the current year ending December 31, 2023 of $1,184,375. Throughout 2023 the following items were outstanding: 410,500 common shares 18,500 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 49,500 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. $518,000,8% bonds that were convertible to 14,000 common shares $310,000, 10% bonds convertible to 10,000 common shares No dividends were declared or paid in 2023. Windsor's tax rate is 25%. (a) (b) * Your answer is incorrect. Calculate the income effect of the dividends for the Class B preferred shares. (Do not leave any answer field blank. Enter O for amounts.) Dividends on Class B preferred shares LA $ 99000