1. Pearson Company, since it was organized in January 2016, has had a shares of 3 Cumulative preferred shares and 100,000 common shares outstanding has declared and paid dividends each year as shown below. Calculate the annual dividends distributed to ench class of shareholder. (6 marks) TOTAL Dividends Declared and Paid Preferred shareholders Common shareholders Year 2016 $ 60,01 2012 S260,000 2018 S40,00%