Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 153,000 shares issued and outstanding $15,300,000...

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Extracted text: Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 153,000 shares issued and outstanding $15,300,000 Share capital: Common shares, 782,000 issued and outstanding 23,460,000 Retained earnings 23,130,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5,511,400 were declared. Calculate how much would be paid to each class of shares. Preferred Common Total 2018 arrears 2019 arrears 2020 eTextbook and Media Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.) Cash dividend per share