Since it was organized in January 2017. Wilcox Limited has had outstanding 5,500 shares of $4, cumulative preferred shares 35,000 shares of common shares The company has declared and pald dividends each year as shown below. Year Total Dividend Preferred Dividend Common Dividend 2017 $13,000 2018 $25,000 2019 $55,000 2020 $42.000 Required: a) Calculate the dividends distributed to each class of shareholder for each year given the above information. (8 marks) b) Calculate the dividends distributed to each class of shareholder for each year assuming now that the preferred shares are not cumulative. (8 marks) Since it was organized in January 2017. Wilcox Limited has had outstanding 5,500 shares of $4, cumulative preferred shares 35,000 shares of common shares The company has declared and pald dividends each year as shown below. Year Total Dividend Preferred Dividend Common Dividend 2017 $13,000 2018 $25,000 2019 $55,000 2020 $42.000 Required: a) Calculate the dividends distributed to each class of shareholder for each year given the above information. (8 marks) b) Calculate the dividends distributed to each class of shareholder for each year assuming now that the preferred shares are not cumulative. (8 marks)