At the beginning of its first year of operations, Pearl Limited has 5,100, $4 preferred shares and 52,000 common shares. Using the format shown below, allocate the total dividend paid in each year to the preferred and common shareholders, assuming that the preferred shares are (a) noncumulative, and (b) cumulative. (a) (b) Dividend Paid Noncumulative Preferred Common Cumulative Preferred 20,400 $ 20400 $ i 20400 16,400 16400 16400 30,400 20400 33,400 10000 2715 20400 13000 eTextbook and Media Com