Please show your work.

1-b. The preferred shares are cumulative (Round your per share amount to 2 decimal places.) Total Per Share Paid to preferred shareholders Paid to common shareholders 5405 2. Why were the dividends per common share less for the second assumption? The total dividend amount and dividends per share of common shares were less under the second assumption because the dividends in arrears on the preferred shares had to be fulfilled before dividends could be paid for the current year. The total dividend amount ond dividends per share of common shares were less under the second assumption because the dividend rate for preferred shareholders was increased 3. What factors would cause a more favourable dividend for the common shareholders? (Select all that apply.) The preferred dividends were not in arrears The total dividend distribution was increased 3. What factors would cause a more favourable dividend for the common shareholders? (Select all that apply.) The preferred dividends were not in arrears The total dividend distribution was increased The preferred dividends were not cumulative The preferred dividends were in arrears The total dividend distribution was decreased