Following is the shareholders' equity section of Capital Consultants' balance sheet on September 30, 2015:

Preferred shares, 15,000 shares outstanding$300,000Common shares, 50,000 shares outstanding2,000,000Total share capital2,300,000Retained earnings950,000Total shareholders' equity$3,250,000

The board of directors has decided to declare dividends of $560,000. One year's dividends of $1 per share are in arrears on the preferred shares. Calculate the amount of dividends each class of shares will receive under the following circumstances:

1. The preferred shares are cumulative and fully participating.
2. The preferred shares are non-cumulative and non-participating.
3. The preferred shares are non-cumulative and are participating. Conditions of the participation indicate that preferred shares only participate in dividends paid in excess of 15% on the common shares.

Please make sure your final answer(s) are accurate to the nearest whole number.

Part	Preferred Shares	Common Shares	Total
A
B
C