Jacquet Wholesale Merchandise Inc. had 40,000 shares of 6%, CHF20 par value preference shares and 30,000 shares of CHF25 Par value ordinary shares outstanding throughout 2014. Total dividends declared in 2014 were $70,000. The preference shares are cumulative. No dividends were paid in 2013. The ordinary shareholders should receive total 2014 dividends of

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The Answer of Jacquet Wholesale Merchandise Inc. had 40,000 shares of 6%, CHF20 par value preference shares and 30,000 shares of CHF25 Par value ordinary shares outstanding throughout 2014. Total dividends declared in 2014 were $70,000. The preference shares are cumulative. No dividends were paid in 2013. The ordinary shareholders should receive total 2014 dividends of