Skysong Fashions has 2,300 shares of 7%, 100 par value preference shares outstanding at December 31, 2020. At December 31, 2020, the company declared a 120,000 cash dividend. Determine the dividend paid to preference shareholders and ordinary shareholders under each of the following scenarios. 1. The preference shares are non-cumulative. and the company has not missed any dividends in previous years. N The preference shares are non-cumulative. and the company did not pay a dividend in each of the two previous years. Dividend paid to preference share holders Dividend paid ordinary share holders 3. The preference shares are cumulative, and the company did not pay a dividend in each of the two previous years. Save for Later Attempts: 0 of 3 used Submit Answer