Part 4: Corporate Transactions Section I Falafel Corporation had 2,000,$9 cumulative preferred shares issued at $200 per share, and 4,000 common shares issued at $80 per share when it was incorporated at the beginning of 2015 The corporation paid no dividends in 2015. During 2016 the corporation declared and paid a cash dividend of $12,000. During 2017 it declared and paid a dividend of $82,000. Required: Complete the schedule below to allocate the dividends to shareholders. Section II Identify and explain one advantage and one disadvantage of the corporate form of business oreanization