(b) Question 3: Spacey Corporation has 5,000 preferred shares outstanding (no par value, $2 dividend) which were issued for $150,000; and 30,000 shares of no par value common, which were issued for $550,000. The following schedule shows the amount of dividends paid out over the last four years. Allocate the dividends to each type of share under assumptions (a) and (b). Express your answers in per share amounts and using the format that is shown. [4 Marks] Assumption (a) Preferred, Noncumulative, Preferred, Cumulative, and Nonparticipating and Fully Participating Year Paid-out Preferred Common Preferred Common 2017 $40,000 2018 $50,000 2019 $60,000 2020 $120,000