E17 Computing Dividends on Preferred Shares and Analyzing Differences ( 103 , LO4 )At December 31 2016 , the records of Hethe Company reflected the following balances in the shareholders equity accountsCar Ton shares per 514 per share 60 god shares outstandingPreferred shares to percent Der 510 per share good shares outstandingRetained earnings : 5230 090On January 1 2017 the board of directors was considering the distribution of a 57507 cash dividend . No a widens were paid during 20:5 and 2016RequiredDetermine the total and berstare air outs that would be paid to the common shareholders and to the preferred shareholders under two independent assumptionsHe . The preferred shares are non – curt s ative Roundyour per share amount to 2 decimal places .TotalPer SharePaid to preferred shareholdersPaid to common shareholdersto The preferred shares are cumulative ( Found your per share amount to I decimal places )TotalPer SharePaid to preferred shareholdersPaid to common shareholders
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