On January 1, 2018, Manama Company has 8% 80,000 sharestof $10 par value, Cumulative preferred stock and 140,000 shares of common stock authorized, issued and outstanding at S5 par value. The Company declared and paid cash dividends as follows: Year 2018 2019 2020 Dividends $50,000 $110,000 $190.000 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years. Please: Present each year in a separate line
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