Assuming that the directors decide to declare total dividends in the amount of $454,500, determine how much each class of shares should receive if the preferred shares are non-cumulative and are participating in distributions in excess of a 9% dividend rate on the common shares. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $2.10 per share. (Round intermediate percentage calculations to 4 decimal places, e.g. 12.2525\% and final answers to 0 decimal places, e.g. 5,275.) eTextbook and Media Attempts: 2 of 3 used Using multiple attempts will impact your score. 5% score reduction after attempt 2 Novak Limited's ledger shows the following balances on December 31, 2023