5. Assume a corporation had 1,500, $15, preferred shares outstanding and 10,000 common shares. The corporation declared and paid dividends each year as shown below. (12 points) a.) Calculate the total dividends distributed to each class of shares under each of the assumptions given. Assume Preferred Shares are Non- Cumulative Assume Preferred Shares are Cumulative Dividends Preferred Dividend Common Dividend Declared Preferred Dividend Common Dividend 2020 $20,500 2021 50,500 2022 55,000 Total h Edit Footer