E. MacGill Inc. paid out cash dividends at the end of each year as follows:
Year                   Dividends
2022 ..................$525,000
2023 ..................$600,000
2024 ..................$750,000

Required 

a. Assume that MacGill had issued 100,000 common shares and 25,000 10%, non-cumulative preferred shares with a share capital of $1.5 million. How much cash would be paid out in 2022, 2023, and 2024 as dividends to each class of shares? 

b. Assume that MacGill had issued 50,000 common shares with share capital of $5.5 million, and 20,000 7% cumulative, preferred shares that were two years in arrears as at January 1, 2022, with a share capital of $2.5 million. How much cash would be paid out in 2022, 2023, and 2024 as dividends to each class of shares?