. Assume that Ace Corporation had the following capital structure: 360,000 common shares outstanding: . 15,000, $4.25, non-cumulative preferred shares 7,000, $3, cumulative preferred shares On January 1, 2020, Ace Corporation had 1 year of dividends in areas in 2020, they declared and paid dividends of $220,000 Required: Match the dividends that were paid out to the following groups: Cumulative preferred shareholders - Dividends Choose Non-cumulative preferred shareholders - Dividends [Choose Common shareholders. Dividends Choose