The outstanding share capital of KTI Corporation consists of 2,700 prelorred shares and 7,000 common shares for which $280,000 was rocelved. The preferted ahires cmiy a dividand of 35 per share and have $100 stated value. instructions Assuming that the company has retained eamings of $95,000 that is to be emirely paid out in divibends and that preferied dividends were not paid during the two yeats prosesiog the cumere yeat state how much each elass of thares should meceive under each of the following conditiona. a. The orelerred shares are cumulative and non-particioating. b. The preferred shares are cumulative and paricipating. Do not round intermedate caledatons but round answer to nearest dolar