Walker Limited has the following capital structure: $ 180,000 Preference shares- $25 par value, 10,000 shares authorized, 7,200 shares issued and outstanding Ordinary shares- $10 par value, 100,000 shares authorized, 80,000 shares issue and outstanding Total issued and fully paid capital Retained earnings 800,000 $ 980,000 550,000 Total shareholders' equity $1,530,000 The number of issued and outstanding shares of both preference and ordinary shares have been the same for the last two years. Dividends on preference shares are 8 percent of par value and have been paid each year the share was outstanding except for the immediate past year. In the current year, management declares a total dividend of $50,000. a. Indicate the amount that will be paid to both preference and ordinary shareholders assuming the preference shares is not cumulative. (Omit the "$" sign in your response.) Amount to preference shares Amount to ordinary shares b. Indicate the amount that will be paid to both preference and ordinary shareholders assuming the preference shares is cumulative. (Omit the "$" sign in your response.) Amount to preference shares Amount to ordinary shares