Ferguson Corporation was incorporated on Jan. 2, 2015. During the first year, they issued 30 000 no par value common shares and 10 000 5% cumulative preferred shares with a stated value of $10.

3. Ferguson Corporation was incorporated on Jan. 2, 2015. During the first year, they issued 30 000 no par value common shares and 10 000 5% cumulative preferred shares with a stated value of $10. Answer the following 3 different scenarios: a. On June 30, 2015, Ferguson announces a dividend only for the preferred shareholders of record on July 30, 2015. The payment is to be made Aug. 15, 2015. Show the calculation to determine the amount of the dividend and the entries required.| b. On June 30, 2015, Ferguson announces a $15 000 dividend for shareholders of record on July 30, 2015. The payment is to be made Aug. 15, 2015. Show the calculation to determine the amount of the dividend each shareholder receives and the entries required. c. On June 30, 2015, Ferguson announces it will not be paying a dividend. On June 30, 2016, Ferguson announces a $16 000 dividend for shareholders of record on July 30, 2016. The payment is to be made Aug. 15, 2016. Show the calculation to determine the amount of the dividend each shareholder receives and the entries required