1-b. The preferred shares are cumulative (Round your per share amount to 2 decimal places.) Total Per Share Paid to preferred shareholders Paid to common shareholders 2. Why were the dividends per common share less for the second assumption? The total dividend amount and dividends per share of common shares were less under the second assumption because the dividend rate for preferred shareholders was increased. The total dividend amount and dividends per share of common shares were less under the second assumption because the dividends in arrears on the preferred shares had to be fulfilled before dividends could be paid for the current year. 1-b. The preferred shares are cumulative (Round your per share amount to 2 decimal places.) Total Per Share Paid to preferred shareholders Paid to common shareholders 2. Why were the dividends per common share less for the second assumption? The total dividend amount and dividends per share of common shares were less under the second assumption because the dividend rate for preferred shareholders was increased. The total dividend amount and dividends per share of common shares were less under the second assumption because the dividends in arrears on the preferred shares had to be fulfilled before dividends could be paid for the current year