How do I find the values for each part?

The Grayson Group's year-end is June 30, 2015. At that time the ledger showed the following balances: Preferred shares, $5 cumulative, participating, 250,000 shares authorized, 50,000 shares issued* $1,200,000 Common shares, 400,000 shares authorized, 70,000 shares issued 1,750,000 Contributed surplus (from previous cancellations of common shares) 1,300,000 Retained earnings 2,479,000 *The preferred shares participate in distributions when the common shares receive in excess of a $3 dividend per share. Answer the following independent questions. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). a) Calculate the amount of cash required to pay a cash dividend of $5 to the common shareholders, if dividends have not been paid in 2013 or 2014. Please make sure your final answer(s) are accurate to the nearest whole number. preferred common total total dividends for 2015 846,000 350,000 1,196,000 common calculations: dividends in arrears current year dividend participating dividend preferred 500,000 250,000 96,000 846,000 210,000 140,000 350,000 total 500,000 460,000 236,000 1,196,000 b) Record the entry for the declaration of the 5% common share dividend when the share's post-dividend market value is $100. Please make sure your final answer(s) are accurate to 2 decimal places. 350000 30-Jun dividends declared share dividends distrutable 350000 c) Record the entry to record the purchase and cancellation of 10,000 common shares on June 30, 2015 when the current market value is $100 per share. Please make sure your final answer(s) are accurate to 2 decimal places. 30-Jun common shares 250,000 contributed surplus 750,000 cash 1,000,000