Claire Co. has declared $50,000 in dividends for 2018. Share capital consists of 3,000, no par ommon shares and 4,000, $2, no par preferred shares. Dividends were last paid in 2015. etermine the amount of dividends to be paid on each class of shares assuming: a) the preferred shares are cumulative. (3 marks) b) the preferred shares are non-cumulative. (2 marks) mo journal entries needed)