Current Attempt in Progress Sage Hill Inc. started its operations with the following share capital: 52,000, $3.00 preferred shares, and 245,700 common shares. For its first five years of operations, dividends were declared and paid as follows. Year 1 Year 2 Year 3 Year 4 Year 5 $124.100 $115,000 $201.400 $156,000 $281.400 Determine how the dividends from each year would be allocated if the preferred shares were noncumulative. Allocation Noncumulative Preferred Dividend Paid Year Entitlement Common Paid $ $ Determine how the dividends from each year would be allocated if the preferred shares were noncumulative. Allocation Noncumulative Preferred Dividend Paid Paid Common Entitlement $ $ $ $ $ Determine how the dividends from each year would be allocated if the preferred shares were cumulative. Allocation Cumulative Preferred Dividend Paid Arrears Entitlement Paid ar $ 1 $ $ $ 2 3 4 5 $ $ Current Attempt in Progress Sage Hill Inc. started its operations with the following share capital: 52,000, $3.00 preferred shares, and 245,700 common shares. For its first five years of operations, dividends were declared and paid as follows. Year 1 Year 2 Year 3 Year 4 Year 5 $124.100 $115,000 $201.400 $156,000 $281.400 Determine how the dividends from each year would be allocated if the preferred shares were noncumulative. Allocation Noncumulative Preferred Dividend Paid Year Entitlement Common Paid $ $ Determine how the dividends from each year would be allocated if the preferred shares were noncumulative. Allocation Noncumulative Preferred Dividend Paid Paid Common Entitlement $ $ $ $ $ Determine how the dividends from each year would be allocated if the preferred shares were cumulative. Allocation Cumulative Preferred Dividend Paid Arrears Entitlement Paid ar $ 1 $ $ $ 2 3 4 5 $ $