Moving to another question will save the response. Question 1 Alba Company's ledger shows the following balances on December 31, 2019: Share Capital Preference, 7%, 10 par value, outstanding 100,000 shares Share Capital Ordinary 50 par value, outstanding 100,000 shares Retained Earnings 1,000,000 5,000,000 1,100,000 Assume that the directors declare dividends in the amount of 770,000, and two-year's dividends are in arrears on the preference shares. Compute how much each class of shares will receive in all of the following plans 1. If the preference shares are non-cumulative and non-participating 2 If the preference shares are cumulative and fully participating For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph 3 Arial 10pt EXA IX 7 points Save