ULLE Exercise 12-1 Allocating dividends between common and cumulative preferred shares L05 The outstanding share capital of Sheng Inc, includes 43,000 shares of $9.60 cumulative preferred and 78,000 common shares, all issued during the first year of operations. During its first four years of operations, the cor- poration declared and paid the following amounts in dividends: Total Dividends Declared Year 2018 0 440,000 1,050,000 440,000 Determine the total dividends paid in each year to each class of shareholders. Also determine the total divi dends paid to each class over the four years