Company A s founders have 8 million shares of common stock, and company then raises $4 million through preferred stock at a price of $1/share.The pre-money valuation was $8 million.

1.

Company A is sold a few years for net proceeds of $24 million. Please fill in the table below showing how much money each type of shareholder receives upon liquidation.The preferred shares are convertible and have a cup of $10 millions.

	If Preferred Shares are non-Participating Preferred	If Preferred Shares are participating Preferred
Preferred Shareholders
Common Shareholders

2.In an alternative scenario, if Firm C sold for $12 million, please fill in the table below showing how much money each type of shareholder receives upon liquidation.Assume the preferred shares are convertible.

	If Preferred Shares are non-Participating Preferred	If Preferred Shares are participating Preferred
Preferred Shareholders
Common Shareholders

specific step, please!!