need to be solved in 40mins or less

The outstanding equity section of BrownStone Inc. Includes: 43,000 of $8.50 preferred shares 78,000 common shares All shares were issued during the first year of operations. During its first 3 years of operations, the corporation declared and paid the following amounts of dividends: Year Total dividends declared 2019 $0 2020 $360,000 2021 $ 975,000 Required: a) Determine total dividends paid in each year to each class of shareholders assuming the preferred shares are cumulative, b) Determine total dividends paid in each year to each class of shareholders assuming the preferred shares are non cumulative Short Answer Toolbar navigation BIUS !!! A