Throwin' Shade was incorporated on January 1, 2018. At that time, it issued 100,000 ordinary shares; 10,000, $100, 4% preferred shares "A", and 20,000, $100, 5% preferred shares "B". Net income for the year ended December 31, 2018 was $200,000. Throwin' Shade neither declares nor pays dividends during the year.The following are three independent scenarios:a. Both the preferred shares Series A and B are cumulative in nature. Series A must be fully paid to their current entitlement as well as any arrears before any monies are paid to the Series B shareholders. Determine the net income available to the ordinary shareholders (The numerator of basic EPS)