Predators Inc. has the following shares outstanding: 40,000, $ 0.60, no par value preferred shares 60,000 no par value common shares $ 400,000 $ 600,000 All shares were sold for $ 10 each. No dividends have been declared since December 31, 2017. It is now December 31, 2020, and the board of directors wants to distribute $ 250,000 in dividends. Instructions Calculate how much the preferred and common shareholders will receive under each of the following assumptions: a) The preferred is noncumulative and non-participating. b) The preferred is cumulative and non-participating. c) The preferred is cumulative and fully participating. d) The preferred is cumulative and participating to 8% total.