The following are the balances of owner's equity for Verbena Industries Bhd Owners Equity as of 30 June 2021 and 2022. Assuming for the year ended 30 June 2022, Verbena Industries Bhd has declared a cash dividend of RM1,400,000 to all shareholders. Required: a) Calculate the company's total net income for the year ended 30 June 2022. b) Show how a dividend of RM1,400,000 will be distributed between equity shareholders and preference shareholders based on the following assumptions: i. Preference shares are cumulative with a declaration and dividend payment for the year ended 30 June 2021. ii. Preference shares are cumulative with no declarations and dividend payments in the year ended 30 June 2021 . c) Show the impact on the Owner's Equity if the company also declares and distributes dividend shares to equity shareholders at 10% for the year ended 30 June 2022 . Assume the equity shares' market value at the dividend declaration date is RM1.20 per share