How much money was distributed in total for dividends

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Ex. 15-141 Dividends on preferred shares In each of the following independent cases, it is assumed that the corporation has outstanding 20,000, $ 0.80, preferred shares, with a carrying value of $ 200,000, and 80,000 common shares, with a carrying value of $ 800,000. Although dividends have been paid regularly up to 2017, no dividends were declared in 2018 or 2019 On December 31, 2020, the preferred shareholders received an $ 80,000 dividend on their shares, which are cumulative and fully participating. Get the instant assignment help. How much money was distributed in total for dividends?

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