Assume that in a given year, $40,000 is to be distributed as cash dividends, outstanding common shares have a book value of $400,000, and 1,000$5 preferred shares jire outstanding (issued for $100,000 ). Under each of the following particular assumptions, how would the dividends be distributed? 1. If the preferred shares are non-cumulative and non-participating: 2. If the preferred shares are cumulative and non-participating and dividends were not paid on the preferred shares in the preceding two years: 3. If the preferred shares are non-cumulative and fully participating: (Reund participating dividend percentage to x decimal place, e.s. 15.2% and final answers to 0 decimal places, e.g. 5,125 .) 3. If the preferred shares are non-cumulative and fully participating (Round participating dividend percentoge to 1 decimal place, e.s. 15.2x and final answers to of decimal places, e.3.5,125. 4. If the preferred shares are cumulative and fully participating, and if dividends were not paid on the preferred shares in the preceding two years: (Round participating dividend percentage to 1 decimal place, e.s. 15.2% and final answers to 0 decimal places, e.3. 5,125 .)