2. 3 Play, Inc. has $400,000 of 5% cumulative preferred stock and 100,000 shares of common stock outstanding. During the prior three years, 3Play paid cash dividends of $10,000 in Year 1 , $25,000 in Year 2, and $60,000 in year 3. At the beginning of Year 1, there were no dividends in arrears. a. Determine the total dividends paid each year to the preferred shareholders, common shareholders and the dividends per share to the common shareholders. b. How would your answers change if the preferred shares were non-cumulative