Allocating dividends between common and cumulative preferred shares The outstanding share capital of Yongsheng Inc. includes 47.000 shares of $9.60 cumulative preferred and 82,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Year Total Dividends Declared 2020 0 2021 2022 $ 480,000 $1,008,000 $ 480,000 2023 a) Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years. Allocating dividends between common and non-cumulative preferred shares b) Determine the total dividends paid in each year to each class of shareholders of under the assumption that the preferred shares are non-cumulative. Also determine the total dividends paid to each class over the four years