Current Attempt in Progress At the beginning of its first year of operations, Buffalo Limited has 5,100, $3 preferred shares and 49,000 common shares. Using the format shown below, allocate the total dividend paid in each year to the preferred and common shareholders, assuming that the preferred shares are (a) noncumulative, and (b) cumulative. (a) (b) Dividend Paid Noncumulative Preferred ear Common Cumulative Preferred Common 1 $15,300 $ S 2 11,300 3 29.300 26,300 e Textbook and Media