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If there are any mistake in the qustion please inform me and explain the mistake Alba Company's ledger shows the following balances on December 31,

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Alba Company's ledger shows the following balances on December 31, 2019. Share Capital-Preference, 7%-10 par value, outstanding 50,000 500,000 shares Share Capital-Ordinary-50 par value, outstanding 50,000 2,500,000 shares Retained Earnings 550,000 Assume that the directors declare dividends in the amount of 385,000, and two year's dividends are in arrears on the preference shares. (Explain for me what mean about 'and two year's dividends are in arrears on the preference shares' and its effect on calculation or no and how its effect) Determine how much class of shares should receive under each of following condition. 1) The preference shares are non-cumulative and non-participating. 2) The preference shares are cumulative and non-participating. 3) The preference shares are cumulative and fully participating. 4) The preference shares are non-cumulative and fully participating. 5) If the preference shares are cumulative and participating (Round dividend rate percentages to four decimal places.) 6) If the preference shares are non-cumulative and participating in distributions up to 9% dividend. 7) If the preference shares are cumulative and participating in distributions up to 9% dividend

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