Peter Rabbit Inc. has issued and outstanding a total of 50,000 shares of $1.80 preferred shares and 80,000 of common shares. The company began operations and issued both classes of shares on January 1, 2018. Required 1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. 2018 $320,000 2019 60,000 2020 85,000 2021 180,000 Total 645,000 2. Calculate the dividends per share to both the preferred and the common shares in 2018 based on the information above