Headlands Limited has the following information available regarding its share capital at December 31, 2023 : The shares were issued when the corporation began operations on January 1, 2022. No dividends were declared during 2022 and 2023. On October 27,2024 , the board of directors declares the required preferred share dividends and a $0.50 dividend for each of the common shares. The dividends are payable on December 1, 2024, to the shareholders of record on November 16, 2024. (a) How much will be paid to each class of shares? Cumulative preferred shares Noncumulative preferred shares Common shares $