Dividends Policy (CLO #3). In 2023, Blue Sky Company is to distribute $150,000 as cash dividends, its outstanding common Share has a par value of $450,000, and its 6% preferred Share has a par value of $150,000. Required: How much would Blue Sky distribute dividends to each class, employing the assumptions given below? 1) preferred Share is noncumulative and nonparticipating 2) preferred Share is cumulative and nonparticipating, and Blue Sky Company did not pay dividends on the preferred Share in the preceding two years. 3) preferred Share is noncumulative and is fully participating 4) preferred Share is cumulative and is participating in excess of a 9% dividend rate on the ordinary shares., and Blue Sky Company did not pay dividends on the preferred Share in the preceding two years.