Gold, Inc., has $800,000 of 4% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2016 and 2017. As of December 31, 2018, it is desired to distribute $525,000 in dividends.

How much will the preferred and common stockholders receive under each of the following assumptions:

a). The preferred is non-cumulative and fully participating. Common shares at the same % as preferred before participation calculation.