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In 20X3. Snowboard Ltd had the following share capital outstanding Preferred shares, no par value; 51.90 dividend: authorized, unlimited shares; Issued, 100,000 shares Common shares,

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In 20X3. Snowboard Ltd had the following share capital outstanding Preferred shares, no par value; 51.90 dividend: authorized, unlimited shares; Issued, 100,000 shares Common shares, no par values authorised, unlimited shares; Issued, 26,000 shares $1,400,000 1,064, No dividends were declared in 20X1 or 20x2, but $1.990.000 of dividends were declared in 2013 Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases Case A Preferred shares are cumulative and non-participating Total Paid Preferred Cortion Year 20X3 allocation Areas Current Romander Total 3 08 Case B Preferred shares are cumulative and participating with common shares after the common shares receive a si per share dividend. Participation is based on relative annual total base dividends Total Pald Preferred Common Year 20x3cation Aran Current Matching Reminder Total os 0

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