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Question 4: Distribution of Dividends (4 points) Star Corporation has: 400,000 common shares outstanding (S 1 par), 20,000 preferred Non-Cumulative shares outstanding ($ 50 par, 10% dividend rate). 8,000 preferred cumulative shares outstanding ($ 100 par, 6% dividend rate). The corporation had not paid any dividends for the years 2015 and 2016. During December 2017, the corporation declared a total of $350,000 as cash dividends for all shareholders. Show the amount of dividends each class of shareholders will receive. Common Shareholders Non- Cumulative Preferred Shareholders Cumulative Preferred Shareholders Total dividendsS