Turtle Island Corporation has the following Equity section: $600,000 Contributed Capital: Preferred shares, $1, unlimited shares authorized, 30,000 shares issued and outstanding....... Common shares, unlimited shares authorized, 25,000 shares issued and outstanding... Total contributed capital Retained Earnings Total Equity 335,000 $935,000 $85,000 $1.020,000 The Board declares a $40,000 dividend for the current year. a) If there are no outstanding dividends owing from prior years, what will you receive if you own 100 Preferred shares. b) What will you receive if you own 100 Common shares. c) If the preferred share dividend is cumulative and no dividends were paid last year, how much will you receive if you own 100 Preferred Shares