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. Dell Corporation issued 12,000 shares of its $10 par value ordinary shares having a fair value of $22 per share and 15,000 shares of its $15 par value preference shares their fair value are not known for a lump sum of $600,000. The share premium-ordinary will be A. credited by $1700,000 OB. credited by $264,000 OC. credited by $144,000 OD. credited by $0