Aylmer Inc. has ,000 no par value $1.30 preferred shares issued for $85,000 and 40,000 no par value common shares issued for $24,000. No dividends were paid or declared during Y2 and Y3. The company wants to distribute $57,200 in dividends on December 31, Y4. REQUIRED a) Calculate the amount of dividends to be paid to each group of shareholders (i.e. preferred and common), assuming the preferred shares are non-cumulative and non-participating b) Calculate the amount of dividends to be paid to each group of shareholders (i.e. preferred and common), assuming the preferred shares are cumulative and fully participating.