Assuming that the directors decide to declare total dividends in the amount of $445,000, determine how much each class of shares should receive under each of the conditions that follow. Note that one year's dividends are in arrears on the preferred shares, which a. The preferred shares are cumulative and fully participating. Round the intermediate percentage calculation to four decimal places and the final amount to the nearest dollar. b. The preferred shares are non-cumulative and non-participating. Round to the nearest dollar. c. The preferred shares are non-cumulative and are participating in distributions in excess of a 10% dividend rate on the common shares. Round the intermediate percentage calculation to four decimal places and the final amount to the nearest dollar. **Pro rata share to common: Remainder is $ b. c. Current year Additional 4% to common Participating