The following share capital information is available for a corporation with an April 30, The shares were issued when the corporation began operations on May 1, 2015. No dividends were declared during the fiscal years ended 2020 and 2021. On February, 28, 2022, the board of 2022. directors declared the required preferred share dividends and a $0.55 dividend for each of the common shares. The dividends are payable on April 1, 2022, to the shareholders of record on March 15, Preferred shares, $2.50 cumulative, 33,000 shares issued $1,000,000 Preferred shares, $3.50 noncumulative, 10,000 shares issued 600,000 Common shares, 170,000 shares issued 850,000 (a) Your answer is partially correct. Try again. How much will be paid to each class of shares? Year Cumulative Preferred Non-cumulative Preferred Common 2020 X 82,500.00 0 2021 82,500.00 2022 82,500.00 35000 93500