Sheridan Corporation was organized on January 1, 2019. During its first year, the company issued 2,100 shares of HK $50 par value preference shares and 130,000 shares of HK\$10 par value ordinary shares. At December 31 , the company declared the following cash dividends: 2019, HK $5,200:2020,HK$15,000; and 2021,HK$27,000 (HK $ in thousands). Show the allocation of dividends to each class of shares, assuming the preference share dividend is 7% and non-cumulative. Show the allocation of dividends to each class of shares, assuming the preference share dividend is 8% and cumulative