The shareholders' equity section of Charles Corporation at December included the
following:
$ preferred shares, cumulative,
shares authorized, shares issued $
Common shares, shares authorized,
shares issued
Dividends were not declared on the preferred shares in and are in arrears.
On September the board of directors of Charles Corporation declared all of the annual
dividends on the preferred shares for and to shareholders of record on October
payable on October
The amount of total dividends declared on preferred shares on September is
$
$
$
$
