Windmere Corporation's statement of financial position at December 31, 2020, appears as follows:
Cash
Other current assets
Capital assets (net)
Total
Current liabilities
Long-term debt
Preferred shares
Share capital- common shares
Retained earnings
Total
$62.000
1.106 000
7.202.000
$8.370.000
$551.000
1,400,000
700.000
2.100.000
3.619 000
$8 370.000 For the vear just ended. Windmere reported net income of $585.900. During the year, the company declared preferred dividends of
$54.033 and common dividends of $303.366