O Moving to another question will save this response Question 1 Alba Company's ledger shows the following balances on December 31, 2019: Share Capital - Preference, 7%, 10 par value, outstanding 50,000 shares Share Capital-Ordinary, E50 par value, outstanding 50,000 shares Retained Earnings 500,000 2,500,000 550,000 Assume that the directors declare dividends in the amount of 385,000, 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). Paragraph BIUS IT T - v Arial V T 10pt Av I % O