4. Seaside Developments Inc. has $200,000 of no par value 4% dividend preferred shares, and 12,000 shares of no par value common shares outstanding. In its first three years of operation, the company paid cash dividends as follows: Year 1: $8,000; Year 2: $18,000; and Year 3: $24,000. Determine the following amounts: (10 Marks = 15 minutes) A) Scenario 1- Assume that the preferred shares are "non- cumulative" preferred shares i) The amount of dividends received by the common shareholders in year 1. ii) The amount of dividends received by the preferred shareholders in year 1. iii) The amount of dividends received by the common shareholders in year 2 iv) The amount of dividends received by the preferred shareholders in year 2 B) Scenario 2- Assume that the preferred shares are "cumulative" preferred shares i) The amount of dividends received by the common shareholders in year 1. ii) The amount of dividends received by the preferred shareholders in year 1. iii) The amount of dividends received by the common shareholders in year 2 iv) The amount of dividends received by the preferred shareholders in year 2