Question 6 (12 marks) The outstanding share capital of Sherty Company includes 10,000 shares of $10 cumulative preferred and 100,000 common shares. The preferred shares were issued as follows: 4,000 on the first day of year 1: and - 6,000 on the first day of year 2. During its first four years of operation, the corporation declared and paid the following amounts in dividends on the last day of each year. Year 1 - $30,000 Year 2- $100,000 Year 3 - $125,000 Year 4 - $250,000 REQUIRED Determine the dividends paid in each year to each class of shareholders