Abc Company limited, has $800,000 of 8% preference shares and $1,200,000 of ordinary shares outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2018 and 2019. As of December 31, 2020, it is desired to distribute $488,000 in dividends. Required Calculate, under proper columns, how much the preference and ordinary shareholders receive under each of the following independent assumptions: (a) The preference is noncumulative and nonparticipating. (b) The preference is cumulative and nonparticipating. (c) The preference is cumulative and fully participating. (d) The preference is cumulative and participating to 12% total.