how did they get the 600000 in the solution here for the proportion?

X A14-11 Dividends: In 20X3, Snowboard Ltd. had the follow board Ltd. had the following share capital outstanding: ferred shares, no-par value: $12 te: $1.20 dividend: authorized, unlimited shares; issued, 100,000 sha $1,250,000 non shares, no-par value; authorized, unlimited shares, issued, Common shares 642,000 480,000 shares dends were declared in 20X1 or 20x2.hu of 20X2, but $1.000 4, but $1,000,000 of dividends were declared in 20X3. No dividends were de Required: she amount of dividends that would be paid in 20x3 to each share class under th Calculate the amount of cases: paid in 20X3 to each share class under the following separate Case A Case B R Preferred s Preferred s Preferred shares are cumulative and nonparticipating. Preferred shares are cumulative and participating with common shares after the common receive a $1 per share dividend. Participation is based on relative annual total base dividends. Allocation PSA gr PSC RO Assignment 14-11000, 0 0 Ost IG boludo 000.000 000,100.SI Case A - Preferred cumulative, non-participating; Donadoxo bosi TC3- Note; full dividend for preferred shares is is $1.20 x 100,000 = $120,000 patobload Year nou Total Paid Preferred Common of quations wording 1920 20x3 allocations lips Vs Olgoso onno vino omaro 1 0091 brobivib 012 Arrears...00.00....000.003) 1000.00 moi 220915 $240.000) loodud Current ............. 120,000 000 2001 Remainder ................. $640,000 Total. ........$1,000,000 360,000 $640,000 nomnog bis 252651b zgimas bo l a 199 TIZE DOD01 b vba Case B - Preferred cumulative, participating: 12 POOS X 000,00 ) yd 25259100 ta 000, ST.012=000,520,82 +000,210,52 Year Total Paide, Preferred 82 - Common 2 E920 ( 608cation on 2 to 19dmunod lud no336 Vip YB Olgaro ong 12 Arrears......... $240,000 -(Ex000,00) on Current ....... 120,000 Matching ....... $480,000 Remainder $160,000 x 20%; 80%... 32,000 $128.000 Total. ......$1,000,000 $392.000 $608.000 ($1,000,000 - $360,000 - $480,000 = 160,000 ons: $120,000/($120,000+$480,000) - 20% and $480,000/$600,000 - 80%) Assignment 14-18 Requirement / Case 1 (1) Case 2 (2) Case 3 (3) Shareholders' Equity Contributed Capital: Share capital: Preferred shares, no-par value, $1.25, $1,000,000 $1,000,000 cumulative and non-participating, unlimited shares authorized, 40,000 shares issued and outstanding Common shares non $1,000,000