Part(b) please

Oriole Corporation began operations in 2022 with the following capital structure: 1. Common shares, Class A: 7,950,000 authorized and outstanding. The Class A common shares are entitled to 10 votes per share and to receive dividends as declared by the board of directors. Total share capital for the Class A common shares at the end of the year was $15.90 million. 2. Common shares, Class B: unlimited authorized; 1,000,000 issued and outstanding. Class B shares are entitled to one vote per share. The Class B shares receive dividends as declared by the board of directors equal to Class A shares. Total share capital for the Class B shares at the end of the year is $35.00 million. 3. Preferred shares: unlimited authorized; 3,400,000 issued and outstanding. The cumulative participating preferred shares are non-voting and received a preferential dividend of $0.15 per share per year. Total share capital for the preferred shares as at the end of the year was $17.00 million. (a) Your answer is correct. Oriole Corporation did not declare any dividends in 2022 or 2023 . What is the amount of dividends in arrears? eTextbook and Media Attempts: 2 of 2 used (b) Assume that Oriole has $9,950,000 available for dividend payments in 2024. What will be the total dividend paid to each of the preferred and Class A and B common shareholders as a class and on a per-share basis? (Round pro-rata allocation rate to 5 decimal places, e.g. 12.35764\%. Round dividend per share to 2 decimal places, e.g. 15.25 and total dividend paid answers to 0 decimal places, e.g. 52,016