A14-11 Dividends (LO 14-6) In 20X3, Snowboard Ltd had the following share capital outstanding Preferred shares, no-par value: $1.70 dividend: Buthorized, unlimited shares; lasued, 100,000 shares Common shares, no-par value; authorized, unlimited sharea; issued, 680,000 shares 6900,000 816,000 No dividends were declared in 20x1 or 20x2, but $1,730,000 of dividends were declared in 20X3. Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases: Case A Preferred shares are cumulative and non-participating Total Paid Preferred Common Year 20X3 allocation Arrears 0 0 $ 340,000 170,000 0 Current Remainder 1,220,000 $ 1.220,000 $ 1730,000 $ 510,000 Total 51 her shore Case B Preferred shares are cumulative and participating with common shares after the common shares receive a si pershere dividend. Participation is based on relative annual total base dividendi Total Paid Preferred Common Year 20X3 allocation Arrears NB 0 340.000 170,000 10 Current Matching 0 880 000 Remainder $ 510,000 3680 000 1,190,000