Reference no: EM132493252
Peru Corporation has the following shareholders' equity on December 31, 2021:
Shareholders' equity
Share capital
$ 10 convertible preferred shares,
10,000 shares authorized, 5,000 shares issued $ 0,570,000
Common shares, no par value,
200,000 shares authorized, 90,000 shares issued 1,800,000
Total share capital 2,370,000
Retained earnings 450,000
Total shareholders' equity $ 2,820,000
Question 1: What is the dividend amount payable to preferred shareholders in 2021 assuming no shares are converted?
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