Travato Company paid out cash dividends at the end of each year as follows:
Year                   Dividends
2022 ......................$140,000
2023 ......................$215,000
2024 ......................$300,000

Required 

a. Assume that Travato had 375,000 common shares and 25,000 $3, non-cumulative preferred shares. How much cash would be paid out in 2022, 2023, and 2024 to each class of shares? 

b. Assume that Travato had 200,000 common shares and 7,000 $6, cumulative preferred shares that were two years in arrears as at January 1, 2022. How much cash would be paid out in 2022, 2023, and 2024 to each class of shareholder?