How much of the dividends were declared on the common

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An entity's capital structure as at December 31, 20x4 is as follows:

Preferred Shares, 7%, cumulative.   $1046000

Common Shares.                           7506000

Problem 1: The preferred share dividends were last paid on December 31, 20x1. On December 15, 20x4, the entity declared total dividends of $478000 Of this total, how much of the dividends were declared on the common shares?

Select one:

a. $331560

b. $478000

c. $404780

d. $258340

Reference no: EM132619033

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