Alba Company's ledger shows the following balances on December 31, 2019: Share Capital - Preference, 7%, 10 par value, outstanding 100,000 shares Share Capital - Ordinary - 50 par value, outstanding 100,000 shares Retained Earnings 1,000,000 5,000,000 1,100,000 Assume that the directors declare dividends in the amount of 770,000, and two-year's dividends are in arrears on the preference. shares. Compute how much each class of shares will receive in all of the following plans: 1. If the preference shares are non-cumulative and non-participating. 2. If the preference shares are cumulative and fully participating