Hammonds Incorporated had the following share capital outstanding: Unlimited authorized Common shares, 34,000 issued 60,000 authorized $2.50 cumulative preferred shares, 12,000 issued $230,000 88,000 Hammonds Inc. has preferred share dividends in arrears of 2 years. On November 1st, 2022, Hammonds Inc. declared a total dividend of $135,000 to be shareholders on record on November 14th and paid to them on November 30th, Required: a) Provide the relevant journal entries for the payment of dividends. (4 marks) b) Provide the total preferred share dividend and common share dividend if the preferred shares were non-cumulative. (I mark)