Provide explanations.

m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the last three years follows: 7 10% Preference Share capital, P100 par, 5,000 shares outstanding P500,000 8 Ordinary Share capital, P50 par, 5,000 shares outstanding P250,000 10 At the beginning of 2017, dividends are in arrears for 2 years. 12 Required: Compute for the total dividends for three years for Ordinary and Preference 13 under different assumptions: 14 1. Preference shares are non-cumulative and non-participating 15 2. Preference shares are cumulative but non-participating, 16 3. The Preference shares are non-cumulative but fully participating. 17 4. The Preference shares are cumulative and fully participating. 18 5. Preference shares are non-cumulative but participating up to an additional 8%