Your answer is partially correct. Assuming that the directors decide to declare total dividends in the amount of $433,360, determine how much each class of shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $1.20 per share. (Round intermediate percentage calculations to 4 decimal places, eg. 12.2525% and final answers to O decimal places, eg. 5,275.) Preferred Dividend $ eTextbook and Media Your answer is correct. Common 48000 $ Total 385360 $ 433360 Assuming that the directors decide to declare total dividends in the amount of $433,360, determine how much each class of shares should receive if the preferred shares are non-cumulative and non-participating. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $1.20 per share. (Round answers to O decimal places, e.g. 5,275) Preferred Dividend eTextbook and Media Your answer is partially correct. Common 24000 $ Total 409360 $ 433360 Assuming that the directors decide to declare total dividends in the amount of $433,360, determine how much each class of shares should receive if the preferred shares are non-cumulative and are participating in distributions in excess of a 10% dividend rate on the common shares. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $1.20 per share. (Round intermediate percentage calculations to 4 decimal places, eg. 12.2525% and final answers to 0 decimal places, eg. 5,275.) Preferred Common Total Dividend $ 92560 $ 340800 $ 433360