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Flatfish Limited reported the following items in shareholders’ equity on December 31, 2020: Share capital: Preferred...

Flatfish Limited reported the following items in shareholders’ equity on December 31, 2020:

Share capital: Preferred shares, $5 cumulative dividend, 162,000 shares issued
   and outstanding

 $16,200,000

Share capital: Common shares, 708,000 issued and outstanding

 28,320,000

Retained earnings

 27,480,000

A) No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5,226,600 were declared. Calculate how much would be paid to each class of shares.

Preferred Common Total

2018 arrears

2019 arrears

2020
$Enter a total amount. $Enter a total amount. $Enter a total amount.

B) 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.)

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