Question 5 of 7 < > View Policies Current Attempt in Progress Waterway Limited has the following information available regarding its share capital at December 31, 2020: Preferred shares, $3.50 cumulative, 20,800 shares issued Preferred shares, $4.50 noncumulative, 12,500 shares issued Common shares, 283.000 shares issued $1,040,000 625,000 1,415,000 -/2 E The shares were issued when the corporation began operations on January 1, 2019. No dividends were declared during 2019 and 2020. On October 30, 2021, the board of directors declares the required preferred share dividends and a $0.50 dividend for each of the common shares. The dividends are payable on December 1, 2021, to the shareholders of record on November 16, 2021. How much will be paid to each class of shares? Cumulative preferred shares 145600 Noncumulative preferred shares $ 5625 Common shares 141500