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In 20x3, Snowboard Ltd. had the following share capital outstanding: Preferred shares, no par value; 31.20 dividend authorized, unlimited shares; issued. 100,000 shares Connon shares,

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In 20x3, Snowboard Ltd. had the following share capital outstanding: Preferred shares, no par value; 31.20 dividend authorized, unlimited shares; issued. 100,000 shares Connon shares, no par values authorized, unlimited shares issued, 480,eee sharest $1,100,000 528,000 No dividends were declared in 20X1 or 20x2, but $1,860,000 of dividends were declared in 20x3. 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 Common Year 20X3 allocation Arrats Current Remainder Total 0 $ 0 $ 0 $ Total 5 5 0 Case B Preferred shares are cumulative and participating with common shares after the common shares receive a 51 per share dividend. Participation is based on relative annual total base dividends. Total Paid Preferred Common Year 20x3 allocation Arrears Current Matching Romainder Total $ DS 05 0 NES

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