Question 8 of 8 View Policies < Current Attempt in Progress /10 E At the beginning of its first year of operations, Pearl Limited has 4,900, $4 preferred shares and 48,000 common shares. Using the format shown below, allocate the total dividend paid in each year to the preferred and common shareholders, assuming that the preferred shares are (a) noncumulative, and (b) cumulative. (a) Year Dividend Paid Noncumulative Preferred 1 19,600 2 14.600 3 32,600 4 34,600 (b) Cumulative Common Preferred Save for Later Last saved 2 hours ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 0 of 2 used Submit Answer C