Sage Hill inc started its operations with the following share capital 52000, 53.00 preferred stures 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 5124,100 $115.000 $201.400 $156.000 $281.400 - /10 3 Question 12 of 16 Determine how the dividends from each year would be allocated if the preferred shares were noncumulative. Allocation Noncumulative Preferred Dividend Paid Entitlement Pald Common 5 S Determine how the dividends from each year would be allocated if the preferred shares were cumulative Allocation Cumulative Preferred Dividend Year Paid Entitlement Paid Arrears 1 2 3 5 ne how the dividends from each year would be allocated if the preferred shares were cumulative, Allocation Cumulative Preferred Dividend Paid Entitlement Paid Arrears